On August 1 of the Current Year, Jamie Simmons Received

question 42

Multiple Choice

On August 1 of the current year, Jamie Simmons received $5,400 for legal services to be performed evenly throughout the next six months. The adjusting entry on December 31 of the current year would include a:

• A)debit to Unearned Service Revenue of $900.
• B)debit to Service Revenue of $900.
• C)credit to Service Revenue of $4,500.
• D)credit to Unearned Service Revenue of $4,500.

---

Definitions:

East India Company

A historic English company formed for the exploitation of trade with East and Southeast Asia and India, incorporated by royal charter in 1600.

French and Indian War

A conflict in North America that was part of a global struggle between Britain and France (1754-1763), ending with the British victory and significant territorial gains in North America.

Interior Indian Tribes

Refers to indigenous groups who live within the interior regions of North America, away from the coastal areas.

Colonists' Relationship

Colonists' Relationship pertains to the interactions and connections between early European settlers in foreign territories and the indigenous populations, other colonists, or their home countries, often marked by trade, conflict, and cultural exchanges.