If a Business Has Received Cash in Advance of Services

question 235

Multiple Choice

If a business has received cash in advance of services performed and credits a liability account the adjusting entry needed after the services are performed will be

• A) debit Unearned Service Revenue and credit Cash.
• B) debit Unearned Service Revenue and credit Service Revenue.
• C) debit Unearned Service Revenue and credit Prepaid Expense.
• D) debit Unearned Service Revenue and credit Accounts Receivable.

Understand Lincoln's evolving stance on emancipation and how it influenced the course of the Civil War.

Analyze the various responses from the northern public, the military, and abolitionists to Lincoln's emancipation policies.

Recognize the significant battles and policies that played key roles in the trajectory towards emancipation.

Explore the socio-political implications of Lincoln's Emancipation Proclamation and the eventual abolition of slavery.

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Definitions:

Outcome

The result or effect of an action, situation, or decision.

Fraction

A numerical quantity that is not a whole number, representing a part of a whole.

Deck Of Cards

A pack or set of playing cards typically consisting of 52 cards used in various games, each deck divided into four suits with a specific number of cards.

Odds

The ratio that reflects the likelihood of a particular event happening versus it not happening, often used in gambling and statistics.