Betty Carson, an accountant, has billed her clients for services performed.She subsequently receives payments from her clients.What entry will Betty 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
Q130: Failure to prepare an adjusting entry at
Q141: Can financial statements be prepared directly from
Q159: Which of the statements below is not
Q168: An expense is recorded under the cash
Q175: Employees at Julian Corporation are paid $10,000
Q180: Betty Carson has performed $500 of accounting
Q181: An adjusted trial balance
A) is prepared after
Q181: Wave Inn is a resort located in
Q188: Financial statements are prepared directly from the
A)
Q194: Similarities between International Financial Reporting Standards (IFRS)
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