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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