On 27 September 2012,a Builder Received an Advance of $50 $\quad$

question 10

Short Answer

On 27 September 2012,a builder received an advance of $50 000 from a client for future work.The work was completed to the client's satisfaction on 3 December 2012.What is the journal entry made by the builder on 3 December 2012?
A. DR Cash $\quad$ $\quad$ $\quad$ CR Unearned revenue

B. DR Accrued revenue $\quad$ CR Sales revenue

C. DR Unearned revenue $\quad$ CR Sales revenue

D. DR Sales revenue $\quad$ $\mathrm { CR }$ Unearned revenue