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Horngren'S Financial And Managerial Accounting
Found in: Page 160

Short Answer

Question :At the end of June, Gerber Dental had performed $9,000 of dental services but has not yet billed customers. Record the adjusting entry for accrued revenue.



Account and Explanation



Accounts Receivable


Service Revenue


To record service revenue earned

See the step by step solution

Step by Step Solution

Step 1: Explanation of Adjusting Entries

Adjusting entries are the year-end entries used to record accrued revenues and expenses.

Step 2: Explanation of Accrued Revenues

Accrued revenues refer to the earned revenue, but the payment is not received in cash.

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