When a Service Has Been Performed, but No Cash Has

question 136

Multiple Choice

When a service has been performed, but no cash has been received, which of the following statements is true?

• A)No journal entry is made.
• B)The entry includes a debit to Accounts Payable.
• C)The entry includes a credit to Unearned Revenue.
• D)The entry includes a debit to Accounts Receivable.

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Definitions:

Punctuated Equilibrium

A theory originally from evolutionary biology, applied to organizational change, suggesting that long periods of stability are interrupted by brief phases of significant change.

Critical Point

A decisive moment or threshold in a process or system where significant change occurs, often leading to a new state or condition.

Stage Model

A theoretical model that describes a process through a series of stages or phases, often utilized in psychology, change management, and organizational theory.

Norming

A stage of group development where members establish norms, roles, and more harmonious relationships, enhancing the group's identity and cohesion.