Kostner Financial Services Inc.performed accounting services for a client in December.A bill was mailed to the client on December 30.The company received the client's check by mail on January 5.Which of the following accounts should appear on the income statement for the year ended December 31 as per the revenue recognition principle?

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According to the revenue recognition principle, revenue should be recognized when it is earned, regardless of whether cash has been received. As the accounting services were performed in December, the revenue should be recognized in December and appear on the income statement for the year ended December 31. Therefore, the correct account is Service Revenue (A). Unearned Revenue (B) represents advanced payments received from a customer and would not apply in this scenario. Accounts Payable (C) and Prepaid Expense (D) represent liability and asset accounts respectively, which are not related to revenue recognition.