Wentworth Company Received Advance Payments from Customers During 2015 of $10,000.At

question 49

Essay

Wentworth Company received advance payments from customers during 2015 of $10,000.At December 31, 2015,
$1,000 of the advance payments still had not been earned.After the adjustments are recorded and posted at December 31, 2015, the balances in the Unearned Service Revenue and Service Revenue accounts will be:

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Definitions:

Subconscious Mind

The part of the mind of which one is not fully aware but which influences one's actions and feelings.

Selective Listening

A listening technique where the listener focuses on certain parts of the conversation while ignoring others, often based on bias or preconception.

Nonverbal

Communication without the use of spoken language, including gestures, facial expressions, and body language.

Red Flag Words

Phrases or terms that can indicate potential problems or areas of concern, often signaling caution.