Clarissa Credit, CGA, has billed her clients for services performed in October. In November, she receives payments from her clients. What entry will she make upon receipt of the payments?
A) Debit Unearned Revenue and credit Service Revenue.
B) Debit Cash and credit Accounts Receivable.
C) Debit Accounts Receivable and credit Service Revenue.
D) Debit Cash and credit Service Revenue.
Correct Answer:
Verified
Q123: Which one of the following accounts shows
Q125: The first required step in the accounting
Q126: An adjusted trial balance shows that
A)all journal
Q130: The process that begins with analyzing transactions
Q131: Financial statements should be prepared
A)from an adjusted
Q132: Which permanent account is affected by the
Q133: The shareholders' equity section of the statement
Q134: Which statement below is incorrect?
A)An adjusted trial
Q136: On September 1, Monmouth Microwaves Ltd signed
Q143: Which statement is correct regarding accumulated other
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents