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Early in the Accounting Period, Ed Sheer, a Client, Paid

Question 16

Multiple Choice

Early in the accounting period, Ed Sheer, a client, paid $9,000 for services in advance of receiving them; Cash was debited and Unearned Service Fees was credited for $9,000. At the end of the accounting period, two-thirds of the services paid for had yet to be performed.
The proper adjusting entry is:


A) Early in the accounting period, Ed Sheer, a client, paid $9,000 for services in advance of receiving them; Cash was debited and Unearned Service Fees was credited for $9,000. At the end of the accounting period, two-thirds of the services paid for had yet to be performed. The proper adjusting entry is: A) B) C) D)
B) Early in the accounting period, Ed Sheer, a client, paid $9,000 for services in advance of receiving them; Cash was debited and Unearned Service Fees was credited for $9,000. At the end of the accounting period, two-thirds of the services paid for had yet to be performed. The proper adjusting entry is: A) B) C) D)
C) Early in the accounting period, Ed Sheer, a client, paid $9,000 for services in advance of receiving them; Cash was debited and Unearned Service Fees was credited for $9,000. At the end of the accounting period, two-thirds of the services paid for had yet to be performed. The proper adjusting entry is: A) B) C) D)
D) Early in the accounting period, Ed Sheer, a client, paid $9,000 for services in advance of receiving them; Cash was debited and Unearned Service Fees was credited for $9,000. At the end of the accounting period, two-thirds of the services paid for had yet to be performed. The proper adjusting entry is: A) B) C) D)

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