Grills R Us Catering Provided $1,000 of Catering Services and Billed

question 162

Multiple Choice

Grills R Us Catering provided $1,000 of catering services and billed its client for the amount owed. Given the choices below, determine the general journal entry that Grills R Us Catering will make to record this transaction.

• A) \(\begin{array} { | c | c | c | }
• \hline \text { Unearned Catering Revenue } & 1,000 & \\
• \hline \text { Catering Revenue } & & 1,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | c | c | c | }
• \hline \text { Catering Revenue } & 1,000 & \\
• \hline \text { Accounts Receivable } & & 1,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | c | c | c | }
• \hline \text { Accounts Receivable } & 1,000 & \\
• \hline \text { Unearned Catering Revenue } & & 1,000 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | c | c | c | }
• \hline \text { Accounts Receivable } & 1,000 & \\
• \hline \text { Catering Revenue } & & 1,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | c | c | c | }
• \hline \text { Cash } & 1,000 & \\
• \hline \text { Catering Revenue } & & 1,000 \\
• \hline
• \end{array}\)

---

Definitions:

Lowest Profit

This refers to the minimum amount of financial gain realized from business operations, investments, or other revenue-generating activities during a specific period.

Financial Data

Quantitative information pertaining to the financial health, performance, and transactions of an individual or organization.

Net Profit

The amount of money that remains from revenues after accounting for all costs and expenses, indicating the financial profitability of a business.

Cumulative

Pertaining to a total that increases gradually by successive additions.