On 27 September 2012,a builder received an advance of $50 000 from a client for future work.The work was completed to the client's satisfaction on 3 December 2012.What is the journal entry made by the builder on 3 December 2012?
A. DR Cash $\quad $ $\quad $ $\quad $ CR Unearned revenue

B. DR Accrued revenue $\quad $ CR Sales revenue

C. DR Unearned revenue $\quad $ CR Sales revenue

D. DR Sales revenue $\quad $ $\mathrm { CR }$ Unearned revenue

Question

On 27 September 2012,a builder received an advance of $50 000 from a client for future work.The work was completed to the client's satisfaction on 3 December 2012.What is the journal entry made by the builder on 3 December 2012?
A. DR Cash $\quad $ $\quad $ $\quad $  CR Unearned revenue

B. DR Accrued revenue $\quad $  CR Sales revenue

C. DR Unearned revenue $\quad $  CR Sales revenue

D. DR Sales revenue $\quad $  $\mathrm { CR }$ Unearned revenue

Quizplus · Accepted Answer

The Answer of On 27 September 2012,a builder received an advance of $50 000 from a client for future work.The work was completed to the client's satisfaction on 3 December 2012.What is the journal entry made by the builder on 3 December 2012?
A. DR Cash $\quad $ $\quad $ $\quad $  CR Unearned revenue

B. DR Accrued revenue $\quad $  CR Sales revenue

C. DR Unearned revenue $\quad $  CR Sales revenue

D. DR Sales revenue $\quad $  $\mathrm { CR }$ Unearned revenue

On 27 September 2012,a Builder Received an Advance of $50 \quad

On 27 September 2012,a Builder Received an Advance of $50 $\quad$