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:

Dense

Characterized by a high concentration of elements or components in a small area.

Centrality-performance Hypothesis

A theory suggesting that the more central a person is within a network, the better their performance is likely to be due to access to resources and information.

Network Structure

The pattern of connections or relationships between entities or components within a network.

Trust-ties

Bonds of trust established between individuals or entities, facilitating cooperation, communication, and shared expectations.