Which of the Following Entries Records the Adjustment for Revenue

question 66

Multiple Choice

Which of the following entries records the adjustment for revenue earned,but not yet collected?

• A) Debit Accounts Receivable and credit Sales Revenue
• B) Debit Sales Revenue and credit Accounts Receivable
• C) Debit Unearned Revenue and credit Sales Revenue
• D) Debit Accounts Receivable

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Definitions:

Competitive Student

A student who possesses a strong desire to outperform peers in academic or extracurricular activities.

Supportive

Offering encouragement and assistance to others in a helpful manner.

Peak Performer

An individual who consistently operates at their maximum capacity and efficiency in their professional or personal activities.

Contract for Change

An agreement, often written, between an individual and themselves or another party, outlining goals and the steps to achieve them.