On October 31 of the Current Year,a Contract Was Signed

question 128

Multiple Choice

On October 31 of the current year,a contract was signed and a cheque received for services to be performed by October 31 of the following year.The Unearned Service Revenue account was credited for $4,800.Assuming services were performed evenly during the remainder of the year,the adjusting entry on December 31 will involve a:

• A) credit to Unearned Service Revenue $800
• B) credit to Service Revenue for $4,000
• C) credit to Service Revenue $800
• D) debit to Unearned Service Revenue $4,000

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Definitions:

Gender Stereotypes

Preconceived and oversimplified beliefs about the characteristics, attributes, and behaviors of males or females, often resulting in discrimination or bias.

Spatial-Temporal Reasoning

The cognitive process involved in manipulating and reasoning about spatial and temporal information.

Temple Grandin

An American professor of animal science and autism spokesperson known for her work in animal behavior and autism advocacy.

Humane Means

Methods or approaches that are considered to be kind, compassionate, and respectful towards the welfare of humans or animals.