Spafford Services, Inc. provides services to clients. On May 1, a client prepaid Spafford Services $30,000 for 6-months services in advance. Spafford Services' general journal entry to record this transaction will include a:
A. Debit to Unearned Management Fees for $30,000.
B. Credit to Unearned Management Fees for $30,000.
C. Credit to Management Fees Earned for $30,000.
D. Credit to Cash for $30,000.
E. Debit to Management Fees Earned for $30,000.
Answer: B
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