On August 31,2018,Allright Services Received $3,500 in Advance of Performing

question 191

Multiple Choice

On August 31,2018,Allright Services received $3,500 in advance of performing the service.Which journal entry is needed to record the receipt of cash?

• A) Debit Unearned Revenue $3,500, and credit Cash $3,500.
• B) Debit Cash $3,500, and credit Service Revenue $3,500.
• C) Debit Unearned Revenue $3,500, and credit Service Revenue $3,500.
• D) Debit Cash $3,500, and credit Unearned Revenue $3,500.

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Definitions:

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Freedom To Farm Act

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Clayton Act

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