Under the Alternative Method for Accounting for Unearned Revenues,which of the Following

question 6

Multiple Choice

Under the alternative method for accounting for unearned revenues,which of the following pairs of journal entry formats is correct?
$$\begin{array} { | c | c } \hline \text { Initial Entry } & \text { Adjusting Entry } \\\hline\end{array}$$
A.
$\begin{array}{|c|c|}\hline \text { Cash } & \text { Unearned Consulting Revenue } \\\hline \text { Unearned Consulting Revenue } & \text { Consulting Revenue }\\\hline\end{array}$
B.
$\begin{array}{|c|c|}\hline \text { Cash } & \text { Consulting Revenue } \\\hline \text { Consulting Revenue } & \text { Unearned Revenue }\\\hline\end{array}$
C.
$\begin{array}{|c|c|}\hline\text { Cash } & \text { Unearned Revenue } \\\hline \text { Unearned Revenue } & \text { Cash }\\\hline\end{array}$
D.
$\begin{array}{|c|c|}\hline \text { Consulting Revenue } & \text { Unearned Revenue } \\\hline \text { Cash } & \text { Consulting Revenue }\\\hline \end{array}$
E.
$\begin{array}{|c|c|}\hline\text { Cash } & \text { Consulting Revenue } \\\hline \text { Unearned Revenue } & \text { Unearned Revenue }\\\hline\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D
• E)Option E

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