this question requires multiple answers. can someone please help me out? In January 2024, Bennett Company received a $36,000 payment from a customer for services to be provided evenly in 2024, 2025, and 2026. The bookkeeper made the following entry: DRCash $36,000; CR Service Revenue $36,000. In 2025, the company discovered the error. 2024 is closed but 2025 is still open. When the correcting entry is made, which components will beincluded? (Choose all that apply)A. credit service revenue $12,000OB. debit retained earnings 1/1 $24,000C. debit service revenue $12,000D. credit unearned service revenue $12,000OE. credit unearned service revenue $36,000

Explanation:In 2024, $36,000 was mistakenly credited to Service Revenue for services to be provided…

Answered: In January 2024, Bennett Company…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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