Techno Technical Services is working on a six-month job for a client,starting on February 1.It will collect $30,000 from its customer when the job is finished but the revenue is earned evenly over the six months.On March 31,before adjusting entries are made,Techno's Accounts Receivable account had a debit balance of $6,000.After the March 31 monthly adjusting entry has been made,what will be the balance in Accounts Receivable?
A)Debit balance of $5,000
B)Credit balance of $25,000
C)Debit balance of $11,000
D)Debit balance of $30,000

Question

Quizplus · Accepted Answer

C)
 11ea8a42_4f1d_d0fe_8b44_878847edf18d_TB5024_00 Add Accounts Receivable of new job on March 31
 11ea8a42_4f1d_d0ff_8b44_2b931f59f473_TB5024_00

Techno Technical Services Is Working on a Six-Month Job for a Client,starting