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The Accountant of Delta Company Failed to Make an Adjusting

question 100

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The accountant of Delta Company failed to make an adjusting entry to record $6,000 of unearned service revenue that has now been earned.Assume the deferred revenue was initially recorded as a liability.Which of the following statements is true?


Definitions:

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one’s daily activities.

Unconscious

An area of the mind not accessible to conscious thought, though it impacts emotions and actions.

Conscious

Being aware of and responsive to one's surroundings; involves the awareness of thoughts, feelings, and sensations.

Freud

A reference to Sigmund Freud, an Austrian neurologist known for founding psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

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