current attempt in progress\nmajor company received $1,000 for future services at the beginning of the…

current attempt in progress\nmajor company received $1,000 for future services at the beginning of the period and initially recorded the cash received as service revenue. at the end of the period, major has not performed $600 of the required services. the adjusting entry required at the end of an accounting period will include a\n\n○ credit to an asset account.\n○ debit to a service revenue account.\n○ credit to an expense account.\n○ debit to an unearned service revenue account.

current attempt in progress\nmajor company received $1,000 for future services at the beginning of the period and initially recorded the cash received as service revenue. at the end of the period, major has not performed $600 of the required services. the adjusting entry required at the end of an accounting period will include a\n\n○ credit to an asset account.\n○ debit to a service revenue account.\n○ credit to an expense account.\n○ debit to an unearned service revenue account.

Answer

Brief Explanations:

When the company received $1,000 for future services and initially recorded it as service revenue, but $600 of services are unperformed at period - end, the unearned portion needs to be adjusted. Since the revenue was over - recorded initially, an adjusting entry is made to reduce the service revenue (a debit to service revenue account) to reflect the correct amount of revenue earned.

Answer:

debit to a service revenue account.