On 20 June 2016,Parker Services Received $2 400 in Advance

question 42

Multiple Choice

On 20 June 2016,Parker Services received $2 400 in advance from a customer for one month's service.The journal entry to record the receipt of cash would be which of the following?

• A)Debit Cash $2 400 and credit Service revenue $2 400.
• B)Debit Cash $2 400 and credit Unearned service revenue $2 400.
• C)Debit Unearned service revenue $2 400 and credit Service revenue $2 400.
• D)Debit Unearned service revenue $2 400 and credit Cash $2 400.

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