What is the adjusting entry for that portion of revenue received in advance which has now been earned?
A) Unearned Revenue - Debit; Cash - Credit
B) Unearned Revenue - Debit; Service Revenue - Credit
C) Service Revenue - Debit; Unearned Revenue - Credit
D) Cash - Debit; Unearned Revenue - Credit
B
You might also like to view...
Which of the following is a criticism of LMX?
A. It alerts leaders to their biases. B. It is a unique approach that looks at dyadic relationships. C. LMX does not fully explain the creation of high-quality exchanges. D. It directs our attention to the importance of communication in leadership.
Which one of the following statements concerning importing data into Access is not correct?
A) Data must resemble the structure of an Access table, including field names in the first row. B) Most input data is in a delimited (versus fixed-width) format. C) Data can only be imported from Excel and other Access files. D) You can specify your own primary key or accept a default primary key.
You run towards someone screaming and swinging a stick. You were only kidding, but the person you were running at thought you were serious. You might be sued for the tort of:
a. invasion of right to privacy b. libel c. assault d. battery e. false imprisonment
Software companies often provide ____ and updates to overcome software bugs.
A. antidotes B. patches C. traps D. bandages