When a Service Has Been Performed, but No Cash Has

question 88

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:

Speedily Recognize

The capability to quickly and accurately identify objects, patterns, or situations, often important in decision-making processes.

Parallel Processing

The simultaneous use of multiple compute resources to perform computational tasks more efficiently.

Simultaneously Process

The cognitive ability to handle or assess multiple streams of information or tasks at the same time.

Approaching Car

Approaching Car commonly refers to the perception and behavioral response to a vehicle that is moving closer to one's position, emphasizing aspects like speed and safety.