Record journal entries for the following transactions. a. On December 1, $14,000 was received for a service contract to be performed from December 1 through April 30. If an amount box does not require...

Extracted text: Record journal entries for the following transactions. a. On December 1, $14,000 was received for a service contract to be performed from December 1 through April 30. If an amount box does not require an entry, leave it blank. Dec. 1 Accounts Receivable 14,000 Fees Earned 14,000 b. Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31. If an amount box does not reguire an entry, leave it blank. Dec. 31 dropdown Next