Answer:
Deferred Revenue $9,000
To Service Revenue $9,000
(Being the service revenue is recorded)
Step-by-step explanation:
The journal entry is shown below:
Deferred Revenue $9,000
To Service Revenue $9,000
(Being the service revenue is recorded)
The computation is shown below:
= $12,000 × 9 months ÷ 12 months
= $9,000
The nine months is calculated from April 1, 2021 to December 31, 2021
We simply debited the deferred revenue and credited the service revenue so that the proper posting could be done