Eduardo's Dance Studio provided $150 of dance instruction and rented out its dance studio to the same client for another $100. The client paid immediately. Identify the general journal entry below that Eduardo's will make to record the transaction.
A.
| Accounts Receivable | 250 | |
| Rental Revenue | 100 | |
| Instruction Revenue | 150 |
B.
| Rental Revenue | 100 | |
| Instruction Revenue | 150 | |
| Cash | 250 |
C.
| Accounts Payable | 250 | |
| Rental Revenue | 100 | |
| Instruction Revenue | 150 |
D.
| Unearned Revenue | 250 | |
| Rental Revenue | 100 | |
| Instruction Revenue | 150 |
E.
| Cash | 250 | |
| Rental Revenue | 100 | |
| Instruction Revenue | 150 |
Answer: E
You might also like to view...
The desired corporate image is one that:
A) coincides with the majority of companies within the industry B) highlights the quality of products being sold by the company C) is consistent with the views of management of each company D) sends a clear message about the unique nature of an organization and its products
When a respondent is confused or distracted, this is called an intentional fieldworker error
Indicate whether the statement is true or false
Use the information in Scenario 9.5. If Tom orders at the economic order quantity, how many units does he order at a time?
A) less than or equal to 75 units B) greater than 75 but less than or equal to 150 units C) greater than 150 but less than or equal to 250 units D) greater than 250 units
Diversified public corporations such as Berkshire Hathaway and Virgin Group are examples of companies that create value using
A. deconstruction expertise. B. parenting expertise. C. increased market positioning. D. excess personnel.