A law firm collected $3700 for work to be performed in the following month. Which of the following general journal entries will the firm make to record this transaction?
A. Debit Legal Fees Revenue, $3700; credit Accounts Receivable, $3700.
B. Debit Cash, $3700; credit Unearned Legal Fees Revenue, $3700.
C. Debit Cash, $3700; credit Accounts Receivable, $3700.
D. Debit Accounts Receivable, $3700; credit Unearned Legal Fees Revenue, $3700.
E. Debit Accounts Receivable, $3700; credit Legal Fees Revenue, $3700.
Answer: B
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