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Use the Information Below to Answer the Following Questions:
on \quad

question 6

Short Answer

Use the information below to answer the following questions:
On 15 September 2012, a surveyor received an advance of $7000 from a client for future services. The work was completed to the client’s satisfaction on 10 October 2012. The surveyor uses accrual accounting.
-What is the journal entry made by the surveyor on 10 October 2012?
A. DR Cash \quad \quad \quad \quad CR Unearned revenue

B. DR Accrued revenue \quad CR\mathrm { CR } Surveying revenue

C. DR Unearned revenue \quad CR Surveying revenue

D. DR Surveying revenue \quad CR\mathrm { CR } Unearned revenue


Definitions:

Undo

A command in computer applications that reverses the most recent action taken by the user.

Cancel

A command or option used to terminate an operation or exit a command without making any changes.

Shortcut Menu

A context-sensitive menu that appears upon right-clicking, providing quick access to frequently used commands or options.

Insert Field

An action or command in software that allows the user to add a new data field into a document or database.

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