Robert Rogers, CPA, Performed Accounting Services for a Client in December

question 147

Multiple Choice

Robert Rogers, CPA, performed accounting services for a client in December. A bill was mailed to the client on December 30. Roberts received a check by mail on January 5. As per the revenue recognition principle, the related account that should appear on the balance sheet as of December 31 is:

• A)Prepaid Expense.
• B)Accounts Receivable.
• C)Unearned Revenue.
• D)Accounts Payable.

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