Mary Richardo CPA Has Billed Her Clients for Services Performed

question 113

Multiple Choice

Mary Richardo CPA has billed her clients for services performed.She subsequently receives payments from her clients.What transaction will she record upon receipt of the payments?

• A)decrease Unearned Service Revenue and increase Service Revenue
• B)increase Cash and decrease Accounts Receivable
• C)increase Accounts Receivable and increase Service Revenue
• D)Increase Cash and increase Service Revenue

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Definitions:

Obedience

The act of following orders or commands from others, particularly those in authority, without questioning.

High-Stakes Tests

Examinations that carry significant consequences, such as determining graduation or professional qualification.

Teachers' Colleges

Institutions specializing in the education and professional development of teachers.

Educational Reform

The process of making changes to the education system in order to improve it, often involving policy, curriculum, and teaching methods.