Aspen Event Planning Services, Inc. records deferred expenses and deferred revenues using alternative treatments. It makes adjusting entries as needed to bring its books to the full accrual basis once a year at the end of the year. On December 15, it collected $3,000 from a customer in advance for a series of events that will start late December and end in March. At the end of the year, it had performed approximately 10% of the services for its customer. The adjusting entry on December 31 will include a debit to Service Revenue for $2,700.

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This is correct. The adjusting entry to bring the books to accrual basis at the end of the year would include a credit to Deferred Revenue for $2,700 and a debit to Service Revenue for the same amount, reflecting the revenue earned during the year.