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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 CR Unearned revenue
B. DR Accrued revenue Surveying revenue
C. DR Unearned revenue CR Surveying revenue
D. DR Surveying revenue Unearned revenue
Undo
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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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