If a Business Has Received Cash in Advance of Services

question 235

Multiple Choice

If a business has received cash in advance of services performed and credits a liability account the adjusting entry needed after the services are performed will be

• A) debit Unearned Service Revenue and credit Cash.
• B) debit Unearned Service Revenue and credit Service Revenue.
• C) debit Unearned Service Revenue and credit Prepaid Expense.
• D) debit Unearned Service Revenue and credit Accounts Receivable.

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Definitions:

Transpersonal Teaching-learning

An educational approach that transcends the traditional boundaries of the self, focusing on holistic and spiritual aspects of learning and growth.

Emancipatory Knowing

Knowledge that empowers individuals to break free from socio-political constraints, facilitating personal and community liberation.

Social Injustices

Situations or conditions in which individuals or groups are treated unfairly or discriminated against based on race, gender, age, or other factors.

Health Inequities

Health inequities refer to unfair and avoidable differences in health status seen within and between populations.