Century Security Services had a new customer come in to their office and request their services for a two-month period.Century will collect a total of $10,000 from the customer at the end of the two-month period.Century began providing services on June 1.On June 30,Century accrued service revenue for the first one-month period.On July 31,Century completed the services and collected $10,000 from the customer.Please provide the journal entry made to record the collection of cash from the customer on July 31.
$$\begin{array} { | l | r | r | }
\hline \quad\quad\quad&\quad&\quad \
\hline \\hline \
\hline
\end{array}$$

Question

Century Security Services had a new customer come in to their office and request their services for a two-month period.Century will collect a total of $10,000 from the customer at the end of the two-month period.Century began providing services on June 1.On June 30,Century accrued service revenue for the first one-month period.On July 31,Century completed the services and collected $10,000 from the customer.Please provide the journal entry made to record the collection of cash from the customer on July 31.
 $$\begin{array} { | l | r | r | } 
\hline \quad\quad\quad&\quad&\quad \
\hline \\hline \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Century Security Services had a new customer come in to their office and request their services for a two-month period.Century will collect a total of $10,000 from the customer at the end of the two-month period.Century began providing services on June 1.On June 30,Century accrued service revenue for the first one-month period.On July 31,Century completed the services and collected $10,000 from the customer.Please provide the journal entry made to record the collection of cash from the customer on July 31.
 $$\begin{array} { | l | r | r | } 
\hline \quad\quad\quad&\quad&\quad \
\hline \\hline \
\hline
\end{array}$$

Century Security Services Had a New Customer Come in to Their