On April 1, 2009 Green Company received

On April 1, 2009 Green Company received an advance payment of $60,000 from a customer. The payment was for five months of services Green would perform for the customer at the rate of $12,000 per month. Green started providing the service on April 1, 2009. On April 1, 2009 Green made an entry in its accounting systemdebiting Cash for $60,000andcrediting Unearned Service Revenue for $60,000. This is the only entry that has been made related to this transaction. Select the adjusting entry Green should make prior to preparing financial statements onApril 30, 2009.

 

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