Stanley Fuel Services Records $8,000 of Service Revenue Being Received

question 139

Multiple Choice

Stanley Fuel Services records $8,000 of service revenue being received in advance and $4,500 of service revenue being accrued. Unearned revenue has a year-end balance of $4,900. The effect of these entries on total service revenue for the year is an increase of:

• A)$7,600.
• B)$12,900.
• C)$9,400.
• D)$4,900.

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Definitions:

Small Print Ads

Brief advertisements typically found in newspapers or magazines, often used for hiring or selling products.

Radio Ads

Advertisements that are broadcast over the radio to reach a wide audience, often used for marketing products, services, or events.

Billboards

Large outdoor advertising structures typically found in high-traffic areas, used to display promotional messages or advertisements.

Television Ads

Paid commercials broadcast on television, used by businesses to promote products, services, or brand messages to a wide audience.