A Landscaping Project Was Completed During December and the Accrued

question 88

Multiple Choice

A landscaping project was completed during December and the accrued revenue of $15,000 was recorded in an adjusting entry dated December 31,2014.A check in this amount was received from the customer on January 20,2015.How would the company record this receipt of cash?

• A)Debit Cash for $15,000 and credit Accounts Receivable for $15,000.
• B)Debit Cash for $15,000 and credit Landscape Revenue for $15,000.
• C)Debit Unearned Revenue for $15,000 and credit Landscape Revenue for $15,000.
• D)Debit Cash for $15,000 and credit Unearned Revenue for $15,000.
• E)Debit Landscape Revenue for $15,000 and credit Income Summary for $15,000.

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Definitions:

Conserve Water

The practice of using water efficiently to reduce unnecessary waste and to ensure its availability for future generations.

Descriptive Norms

Refers to the perception of behaviors that are typical or normal within a specific group, guiding members' actions based on what is commonly done.

Injunctive Norms

Social norms that are perceived as approved or disapproved behaviors by a cultural or social group, guiding individuals on what they ought to do.

Focus Theory

An approach in psychology that examines how individuals concentrate their attention or energy on specific thoughts, tasks, or goals and the impact of this focus on behavior and cognition.