The Following Adjusting Journal Entry Does Not Include an Explanation

question 120

Multiple Choice

The following adjusting journal entry does not include an explanation. Select the best explanation for the entry. $$\begin{array} { | c | c | c | } \hline \text { Unearned Revenue } & 7,500 & \\\hline \text { Fees Earned } & & 7,500 \\\hline ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? & & \\\hline\end{array}$$

• A) Record payment of fees earned.
• B) Record fees earned at the end of the month.
• C) Record fees that have not been earned at the end of the month.
• D) Record payment of fees to be earned.

---

Definitions:

Telepathy

The claimed psychic ability to communicate thoughts or feelings between individuals without using the known human sensory channels.

Perception

The method of arranging and understanding sensory data, allowing us to identify significant objects and occurrences.

Ability

A person's level of competence in or aptitude for a particular task or range of tasks.

Clairvoyance

The claimed ability to gain information about an object, person, location, or physical event through extrasensory perception.