On June 20,2013,Parker Services Received $2,400 in Advance from a Customer

question 124

Multiple Choice

On June 20,2013,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 Unearned service revenue $2,400 and credit Cash $2,400.
• B) Debit Cash $2,400 and credit Service revenue $2,400.
• C) Debit Unearned service revenue $2,400 and credit Service revenue $2,400.
• D) Debit Cash $2,400 and credit Unearned service revenue $2,400.

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Definitions:

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Behaviourism

A theoretical approach in psychology that focuses on observable behaviors rather than internal processes.

Dog Biscuit

A small, hard, and dry snack made specifically for dogs, often used as a form of reward or training aid.

Reward

A benefit or positive reinforcement given for desirable behavior or performance, often used to encourage that behavior to happen again.