Use This Information to Answer the Following Question If Services Totaling $125 Had Been Performed but Not Billed,the

question 21

Multiple Choice

Use this information to answer the following question. The trial balance for Tsung Corporation appears as follows:
$\begin{array}{c}\text {Tsung Corporation}\\\text {Trial Balance}\\\text {December 31, 2010}\\\begin{array}{|l|r|r|}\hline\text { Cash } & \$ 200 \\\text { Accounts Receivable } & 500 \\\text { Prepaid Insurance } & 50 \\\text { Supplies } & 150 \\\text { Office Equipment } & 400\\\text { Accumulated Depreciation-Office Equipment } & & \$ 200 \\\text { Accounts Payable } & & 300 \\\text { Common Stock } & &600 \\\text { Service Revenue Earned } & & 500\\\text { Salaries Expense } &100 \\\text { Rent Expense } & 200 & \\&\underline{\$ 1,600} &\underline{\$ 1,600} \\\hline\end{array}\end{array}$
If services totaling $125 had been performed but not billed,the adjusting entry to record this would include a

• A) credit to Unearned Service Revenue for $125.
• B) debit to Service Revenue Earned for $125.
• C) credit to Service Revenue Earned for $125.
• D) credit to Service Revenue Earned for $625.

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Definitions:

F Distribution

A probability distribution used in statistics, especially in analysis of variance (ANOVA), to determine the variance among sample means.

Parameters

In statistics, parameters are numerical characteristics that describe and summarize features of a population.

Student t Distribution

A probability distribution used in significance testing, especially useful with small sample sizes or unknown population variances.

Symmetrical

A shape or object that is exactly the same on both sides of a dividing line or around a center point.