Gemini, Inc. enters into a contract with Aurora Corporation to provide Aurora with design services....
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Gemini, Inc. enters into a contract with Aurora Corporation to provide Aurora with design services. The contract totals $24,000. As of December 31, 20X5, Gemini has provided 60% of the design services. Gemini has recorded $5,000 in the Revenue and Accounts Receivable accounts. What is the adjusting entry to reflect the proper accrual of revenue on December 31, 20X5? A No entry is required. B Debit Accounts Receivable $14,400, and credit Revenue $14,400. C Debit Accounts Receivable $9,400, and credit Revenue $9,400. D Debit Revenue $9,400, and credit Accounts Receivable $9,400
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