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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