BNL Completed a Performance and Collected Revenue of $10,000 Not $$\begin{array} { | c | c | } \hline \text { Accounts Receivable } & 10,000 \\\hline \text { Performance Fees } & 10,000 \\\hline\end{array}$$

question 66

Multiple Choice

BNL completed a performance and collected revenue of $10,000 not previously billed or recorded.The journal entry to record the collection would be:

• A)
• \[\begin{array} { | c | c | }
• \hline \text { Accounts Receivable } & 10,000 \\
• \hline \text { Performance Fees } & 10,000 \\
• \hline
• \end{array}\]
• B)
• \[\begin{array} { | c | c | }
• \hline \text { Cash } & 10,000 \\
• \hline \text { Performance Fees } & 10,000 \\
• \hline
• \end{array}\]
• C)
• \[\begin{array} { | c | l | }
• \hline \text { Accounts Receivable } & 10,000 \\
• \hline \text { Cash } & { 10,000 } \\
• \hline
• \end{array}\]
• D)
• \[\begin{array} { | c | l | }
• \hline \text { Performance Fees } & 10,000 \\
• \hline \text { Cash } & { 10,000 } \\
• \hline
• \end{array}\]