Jackson Tucker Has a Large Consulting Practice

question 82

Multiple Choice

Jackson Tucker has a large consulting practice.New clients are required to pay one-half of the consulting fees up front.The balance is paid at the conclusion of the consultation.Dillion Paiva a new client paid $15000 on August 1 and another $15000 on completiton of the engagement on Sept 1.Use the following tabular analysis to record the receipt of $15000 on Sept 1

• A)Increase Cash $15000 and decrease Unearned Revenue $15000.
• B)Increase Cash $15000 decrease Unearned Revenue $15000 and increase Service Revenue $30000.
• C)Increase Service Revenue $15000 and decrease Unearned Revenue $15000.
• D)Increase Cash $15000 decrease Unearned Revenue $15000 and increase Service Revenue $15000.

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Definitions:

Lamellated Corpuscle

A type of nerve ending in the skin that is sensitive to pressure and vibration, also known as Pacinian corpuscles.

Hair Follicle

A hair follicle is a dynamic skin organ that produces hair through a cycle of growth and rest phases, embedded within the dermal layer of the skin.

Sebaceous Gland

Glands in the skin that secrete sebum into the hair follicles to lubricate the skin and hair, playing a role in skin health and condition.

Sweat Gland

Glands located in the skin that produce sweat, a fluid that helps regulate body temperature through evaporation.