See Whats Hot e WildTangent Games Calculator Prior to the ad

See What\'s Hot e] WildTangent Games Calculator Prior to the adjusting process, accrued revenue has a, not been earned but recorded as revenue Ob. b not been recorded as revenue but cash has been received ·c. been earned and cash received Od. been earned and not recorded as revenue

Solution

Accrued revenue before adjusting means it has been earned during the current period but the revenue is not yet recorded

Adjusting entry for the accrued revenue is as follows

Accounts receivable Debit

Service revenue Credit

So correct answer is D