[PLS ANSWER ASAP] Service Revenue has a balance of P500,000 of which 45% has been earned. a. Debit to Unearned Service Revenue - P225,000. b. Credit to Unearned Service Revenue - P225,000. c. Debit to Service Revenue - P275,000. d. Credit to Service Revenue - P275,000

[PLS ANSWER ASAP] Service Revenue has a balance of P500,000 of which 45% has been earned. a. Debit to Unearned Service Revenue - P225,000. b. Credit to Unearned Service Revenue - P225,000. c. Debit to Service Revenue - P275,000. d. Credit to Service Revenue - P275,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

[PLS ANSWER ASAP]

Service Revenue has a balance of P500,000 of which 45% has been earned.

a. Debit to Unearned Service Revenue - P225,000.

b. Credit to Unearned Service Revenue - P225,000.

c. Debit to Service Revenue - P275,000.

d. Credit to Service Revenue - P275,000.

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