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Prepare a adjusting entries-accrued revenues

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Reference no: EM132485900

adjusting entries (monthly)-accrued revenues.

TigrSoft provided $17,000 of services to customers in the month of March 2017. On March 31, 2017, TigrSoft has not yet billed or collected payment for the $17,000. On April 16, $12,000 of these were collected.

Question 1:  Using the accrual basis of accounting, explain whether TigrSoft earned revenue of $17,000 as of March 31, 2017.

  1. a adjusting journal entry on March 31, 2017.
  2. a the journal entry on April 16, 2017

Reference no: EM132485900

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