Mary Richardo Has Performed $500 of CPA Services for a Client

question 195

Multiple Choice

Mary Richardo has performed $500 of CPA services for a client but has not billed the client as of the end of the accounting period.What adjusting entry must Mary make?

• A)Debit Cash and credit Unearned Service Revenue
• B)Debit Accounts Receivable and credit Unearned Service Revenue
• C)Debit Accounts Receivable and credit Service Revenue
• D)Debit Unearned Service Revenue and credit Service Revenue

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Definitions:

Simple Linear Regression Model

A statistical method for understanding the relationship between two continuous variables by fitting a straight line to the observed data.

Y-Intercept

The point where a line or curve intersects the Y-axis of a graph, often representing the initial condition or value when all other variables are zero.

Regression Model

A statistical approach to modeling the relationship between a dependent variable and one or more independent variables.

Relationship Between Two Variables

A statistical or causal connection between two types of variables or data sets.