Examlex

Solved

ABC Catering Received $800 Cash from a Customer for Catering  Cash 800 Unearned Catering Revenue 800\begin{array} { | l | r | r | } \hline \text { Cash } & 800 & \\\hline \text { Unearned Catering Revenue } & & 800 \\\hline\end{array}

question 249

Multiple Choice

ABC Catering received $800 cash from a customer for catering services to be provided next month. Given the choices below, determine the general journal entry that ABC Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.


Definitions:

Hatch Act

A U.S. federal law enacted in 1939 that restricts the political activities of government employees in order to ensure the neutrality of the public service.

Agricultural Science

The study of the sciences related to the production of crops and livestock, and management of soil and water resources.

Agricultural Colleges

Institutions focused on teaching agricultural sciences, techniques, and management, often established under the Morrill Act of 1862.

Southern Backcountry

The remote, rural areas in the southern United States, historically characterized by frontier conditions and a distinct culture.

Related Questions