The Adjusting Entry to Record Services Earned but Not Yet

question 161

Multiple Choice

The adjusting entry to record services earned but not yet billed requires:

• A)a debit to Accounts Receivable and credit to Service Revenue.
• B)a debit to Service Revenue and credit to Accounts Receivable.
• C)a debit to Accounts Payable and credit to Service Revenue.
• D)no entry since revenues should not be recorded until collected.

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Definitions:

Instrumental Traits

Characteristics related to competency, task performance, and goal achievement, often considered masculine attributes.

Rationality

The trait of aligning with or adhering to logical or reasoned principles.

Competitiveness

The ability of individuals or organizations to compete in a market, characterized by aggressive efforts to offer better goods, services, or conditions.

Female-Male Earnings Ratio

A statistical measure comparing the average earnings of women to those of men within a specific context or employment sector.