A Debit Entry Made to the Unearned Revenue Account and Credit

question 29

Multiple Choice

A debit entry made to the unearned revenue account and credit entry made to the revenue account at the end of the period is referred to as a(n)

• A)accrual.
• B)deferral.
• C)correcting entry.
• D)closing entry.

---

Definitions:

Walking Purchase

A 1737 agreement between the Penn family, the proprietors of Pennsylvania, and the Lenape Indians, which fraudulently expanded Pennsylvania territory by utilizing a forged document.

Lenni Lenape Indians

A Native American tribe originally inhabiting parts of the Northeastern United States, also known as the Delaware Indians.

Inconsequential

means not important or significant; having little or no importance.

Deceptive

Pertaining to or involving deceit; misleading or giving a false impression.