On 30 August 2012,a accountant received an advance of $50 000 from a client for future work.The work was completed to the client's satisfaction on 10 November 2012.What is the journal entry made by the builder on 20 October 2012?
A. DR Cash $\quad $ $\quad $ $\quad $ $\quad $ CR Unearned revenue

B. DR Unearned revenue$\quad $ CR Cash

C. DR Cash$\quad $ $\quad $ $\quad $ $\quad $ $\quad $ CR Sales revenue

D. DR Customer deposits$\quad $ CR Unearned revenue

Question

On 30 August 2012,a accountant received an advance of $50 000 from a client for future work.The work was completed to the client's satisfaction on 10 November 2012.What is the journal entry made by the builder on 20 October 2012?
A. DR Cash $\quad $ $\quad $ $\quad $ $\quad $ CR Unearned revenue

B. DR Unearned revenue$\quad $  CR Cash

C. DR Cash$\quad $  $\quad $ $\quad $ $\quad $ $\quad $ CR Sales revenue

D. DR Customer deposits$\quad $  CR Unearned revenue

Quizplus · Accepted Answer

The Answer of On 30 August 2012,a accountant received an advance of $50 000 from a client for future work.The work was completed to the client's satisfaction on 10 November 2012.What is the journal entry made by the builder on 20 October 2012?
A. DR Cash $\quad $ $\quad $ $\quad $ $\quad $ CR Unearned revenue

B. DR Unearned revenue$\quad $  CR Cash

C. DR Cash$\quad $  $\quad $ $\quad $ $\quad $ $\quad $ CR Sales revenue

D. DR Customer deposits$\quad $  CR Unearned revenue

On 30 August 2012,a Accountant Received an Advance of $50 \quad

On 30 August 2012,a Accountant Received an Advance of $50 $\quad$