Goofy Tech Inc. accepted an advance of $3,600 on November 1, 2021, for providing IT...
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Accounting
Goofy Tech Inc. accepted an advance of $3,600 on November 1, 2021, for providing IT helpdesk services for the following six months. Goofy Tech estimates fulfillment of its performance obligation based on the passage of time. On December 31, 2021, Goofy Tech will make an adjusting entry that includes a debit to deferred revenue of:
Group of answer choices $1,200 None of the options listed. $400 $800 $1600
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