A company began providing security services for a large business on March 15. The agreed monthly fee is $8000.? -

The company will receive the first payment on april 15. What is the adjusting entry required by the company on March 31 ? (Hint: on March 31 the company has given a half a month of services but has not been payed yet)

Dr A/R 4000 Cr Sales Rev 4000To recognize revenue earned Mar 15--Mar 31