On December 13, 2018, Michael Company Received $10,000 in Cash $\begin{array}{lrr} \text { Cash } &10,000\\ \text { Unearned Revenue} &1,500\\ \text { Service Revenue} &&11,500\end{array}$

question 81

Short Answer

On December 13, 2018, Michael Company received $10,000 in cash as a payment in advance from a customer and credited Unearned Revenue. The balance in the Unearned Revenue account was $2,000 at the beginning of December. At the end of December, all but $600 had been earned. What adjusting entry is necessary at the end of December?
a.
$\begin{array}{lrr} \text { Cash } &10,000\\ \text { Unearned Revenue} &1,500\\ \text { Service Revenue} &&11,500\end{array}$


b.
$\begin{array}{lrr} \text { Unearned Revenue} &10,600\\ \text { Service Revenue } &&10,600\\\end{array}$


c.
$\begin{array}{lrr} \text { Unearned Revenue } &11,400\\ \text { Service Revenue } &&11,400\\\end{array}$

d.
$\begin{array}{lrr} \text { Service Revenue } &10,000\\ \text {Unearned Revenue } &&10,000\\\end{array}$

Identify the alignment of workforce planning practices with business strategy in Canadian organizations.

Understand the significance of designated groups in hiring practices within Canada.

Realize the importance of HR forecasting tools and the role of historical measures in determining human capital requirements.

Acknowledge the concept of human capital theory and its implications for investments in human resources.

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