When a Service Has Been Performed,but No Cash Has Been

question 68

Multiple Choice

When a service has been performed,but no cash has been received,which of the following statements is true?

• A) The entry would include a debit to Accounts Receivable.
• B) No journal entry would be made.
• C) The entry would include a debit to Accounts Payable.
• D) The entry would include a credit to Unearned Revenue.

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Definitions:

Liable

Being legally responsible or obligated, typically in the context of a debt or a legal judgment.

Coat

A garment worn on the upper body by either sex for warmth or fashion.

Breach

An act of breaking or failing to observe a law, agreement, or code of conduct.

Licensed

Having official permission to operate or conduct a certain activity, usually through certification or a permit.