A lawyer collected $520 of legal fees in advance. He erroneously debited Cash for $250 and credited Accounts Receivable for $250. The correcting entry is a.
$\begin{array}{lrr}
\text { Cash } &250\
\text {Accounts Receivable } &270\
\text { Unearned Service Revenue } &&520
\end{array}$

b.
$\begin{array}{lrr}
\text { Cash } &520\
\text { Accounts Receivable } & &520\

\end{array}$

c.
$\begin{array}{lrr}
\text { Cash } &270\
\text { Accounts Receivable } &250\
\text { Unearned Service Revenue } &&520
\end{array}$

d.
$\begin{array}{lrr}
\text { Cash } &270\
\text { Accounts Receivable } &&270\
\end{array}$

Question

A lawyer collected $520 of legal fees in advance. He erroneously debited Cash for $250 and credited Accounts Receivable for $250. The correcting entry is a. 
$\begin{array}{lrr}
  \text { Cash } &250\
 \text {Accounts Receivable  } &270\
 \text { Unearned Service Revenue } &&520
\end{array}$

b.
$\begin{array}{lrr}
  \text { Cash } &520\
 \text { Accounts Receivable } & &520\
 
\end{array}$

c. 
$\begin{array}{lrr}
  \text { Cash } &270\
 \text { Accounts Receivable } &250\
\text { Unearned Service Revenue } &&520
\end{array}$

d. 
$\begin{array}{lrr}
  \text { Cash } &270\
 \text { Accounts Receivable } &&270\
\end{array}$

Quizplus · Accepted Answer

The Answer of A lawyer collected $520 of legal fees in advance. He erroneously debited Cash for $250 and credited Accounts Receivable for $250. The correcting entry is a. 
$\begin{array}{lrr}
  \text { Cash } &250\
 \text {Accounts Receivable  } &270\
 \text { Unearned Service Revenue } &&520
\end{array}$

b.
$\begin{array}{lrr}
  \text { Cash } &520\
 \text { Accounts Receivable } & &520\
 
\end{array}$

c. 
$\begin{array}{lrr}
  \text { Cash } &270\
 \text { Accounts Receivable } &250\
\text { Unearned Service Revenue } &&520
\end{array}$

d. 
$\begin{array}{lrr}
  \text { Cash } &270\
 \text { Accounts Receivable } &&270\
\end{array}$