A Company Received $5 000 for 100 One- Year Subscriptions

question 42

Multiple Choice

A company received $5 000 for 100 one- year subscriptions on 1 July. The journal entry to record this cash receipt would include a:

• A)credit to Unearned revenue.
• B)debit to Prepaid expenses.
• C)debit to Unearned revenue.
• D)credit to Cash.

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Definitions:

Cultural Competence Skill Areas

Specific abilities that enable individuals to effectively interact, communicate, and operate across different cultural contexts, enhancing mutual understanding and respect.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Adaptation

The process of change by which an organism or species becomes better suited to its environment.

Dynamics of Difference

The ongoing processes and factors that both distinguish and create variations among cultures, individuals, or groups.