On June 15th the company receives 700 for services that will

On June 15th, the company receives $700 for services that will be performed later in the month. During the month of June, the company provides half of the services to the customers.

Please record the adjusting entry.

Adjusting entry :

Date	account and explanation	debit	credit
June 30	Unearned service revenue (700/2)	350
	Service revenue		350
	(To record adjusting entry)

On June 15th, the company receives $700 for services that will be performed later in the month. During the month of June, the company provides half of the servi

On June 15th the company receives 700 for services that will

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