On April 1,2017,Planet Services Received $14,200 in Advance of Performing

question 102

Multiple Choice

On April 1,2017,Planet Services received $14,200 in advance of performing the services from a customer for three months of service - April,May and June.What would be the journal entry to adjust the accounts at the end of May? (Do not round any intermediate calculations,and round your final answer to the nearest dollar. )

• A)Debit Service Revenue $4,733,and credit Unearned Revenue $4,733.
• B)Debit Unearned Revenue $9,467,and credit Service Revenue $9,467.
• C)Debit Unearned Revenue $14,200,and credit Service Revenue $14,200.
• D)Debit Service Revenue $9,467,and credit Accounts Receivable $9,467.

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Definitions:

Magnetic Forces

The attraction or repulsion that arises between electrically charged particles due to their motion, which is the basis for the operation of electrical motors and devices.

Armature

The rotating part of an electrical machine such as a motor or generator, on which the coils are wound and voltage is induced.

Core

The central part of an electromagnetic coil or transformer, made of magnetic material, that intensifies its magnetic field.

Pin-out Information

Details regarding the purpose and connection specifics of each pin in a connector or integrated circuit.