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On March 1,Getze Family Automotive Received $7,000 Cash for Services  Uneamed revenue 5,000 Service revenue 5,000\begin{array} { l l l } \text { Uneamed revenue } & 5,000 & \\\quad\text { Service revenue } & & 5,000 \\\end{array}

Question 23

Multiple Choice

On March 1,Getze Family Automotive received $7,000 cash for services to be rendered in March and April.The company recorded unearned revenue upon receipt of cash.What adjusting entry would Getze Family Automotive make on March 31,assuming that $2,000 of services was performed in March?


A)  Uneamed revenue 5,000 Service revenue 5,000\begin{array} { l l l } \text { Uneamed revenue } & 5,000 & \\\quad\text { Service revenue } & & 5,000 \\\end{array}

B)  Accounts receivable 5,000 Service revenue 5,000\begin{array}{lccc}\text { Accounts receivable } & 5,000 & \\\quad \text { Service revenue } & & 5,000 \\\end{array}

C)  Uneamed revenue 2,000 Service revenue 2,000\begin{array}{lccc}\text { Uneamed revenue } & 2,000 & \\\quad \text { Service revenue } & & 2,000\\\end{array}

D)  Service revenue 2,000 Accounts receivable 2,000\begin{array}{lccc}\text { Service revenue } & 2,000 \\\quad \text { Accounts receivable } && 2,000 & \\\end{array}

E)  Accounts receivable 2,000 Unearned revenue 2,000\begin{array}{lccc}\text { Accounts receivable } & 2,000 \\\quad\text { Unearned revenue } & &2,000 & \\\end{array}

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