What Is the Correct Debit and Credit to Record the Adjusting

question 152

Multiple Choice

What is the correct debit and credit to record the adjusting entry for $800 of fees earned but not yet billed or paid?

• A) debit Accounts Receivable and credit Fees Earned for $800
• B) debit Fees Earned and credit Accounts Receivable for $800
• C) debit Unearned Income and credit Fees Earned for $800
• D) debit Fees Earned and credit Unearned Income for $800

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Definitions:

Reinforcers

Stimuli that, when presented after a behavior, increase the likelihood of that behavior occurring again in the future.

Instrumental Conditioning

A form of learning in which the participant receives a reinforcer only after performing the desired response, and thereby learns a relationship between the response and the reinforcer.

Correct Responses

Correct responses refer to answers or reactions that are accurate, appropriate, or in alignment with expected outcomes in a given context.

Rewards

Benefits, recognitions, or compensations offered or received as a result of an action or behavior.