Golddigger Services Inc

question 110

Multiple Choice

Golddigger Services Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $60,000 for 6-months services in advance. Golddigger Services' general journal entry to record this transaction will include a:

• A) Debit to Management Fees Earned for $60,000.
• B) Credit to Management Fees Earned for $60,000.
• C) Credit to Unearned Management Fees for $60,000.
• D) Credit to Cash for $60,000.
• E) Debit to Unearned Management Fees for $60,000.

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Definitions:

Classroom Instruction

A traditional method of teaching, where an instructor delivers a course to students in a classroom setting.

Instructional Methods

Techniques or approaches used in educational settings to facilitate learning and teaching processes.

Experienced Trainers

Instructors or facilitators who possess significant knowledge and experience in a particular field or subject matter.

Procedural Knowledge

Knowledge of how to perform tasks or processes, often contrasted with declarative knowledge, which involves knowing 'what' rather than 'how'.