The Accounting Records for Patricia Event Planning Services Include the Following

question 176

Multiple Choice

The accounting records for Patricia Event Planning Services include the following select unadjusted balances on December 31,2016: Salaries Expense,$6,000;Service Revenue: $19,000;Unearned Revenue,$400;Supplies Expense,$600;Rent Expense,$300;Depreciation Expense-Equipment,$200.
During December,the company worked with a new client and provided event planning services for an upcoming event.It will receive the full amount of $2,100 when the event is completed in January 2017.As of the end of December 2016,it performed one-third of the services covered by the contract.The company made the accrual adjustments.The balance of Service Revenue,as shown on the adjusted trial balance,should be a ________.

• A)debit balance of $21,100
• B)credit balance of $19,000
• C)debit balance of $2,100
• D)credit balance of $19,700

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Definitions:

Vestibular Senses

The senses related to balance and spatial orientation, arising from the inner ear.

Body Position

The orientation or posture of the body as a whole, which can influence physiological functions and is considered in fields like ergonomics and physical therapy.

Semicircular Canals

Three looped structures in the inner ear that are key components of the vestibular system, helping to maintain balance by detecting rotational movements.

Three Dimensions

In geometry, this refers to objects or spaces that have height, width, and depth. In other contexts, it can refer to comprehensively considering various aspects of a subject or issue.