When a service has been performed,but no cash has been received,which of the following statements is true?
A) The entry would include a debit to Accounts Receivable.
B) No journal entry would be made.
C) The entry would include a debit to Accounts Payable.
D) The entry would include a credit to Unearned Revenue.

Question

Quizplus · Accepted Answer

If a service has been performed but cash has not been received, it means that the business has earned revenue but has not yet received payment. Therefore, the entry would include a debit to Accounts Receivable to recognize the amount owed by the customer.

When a Service Has Been Performed,but No Cash Has Been