A Company That Receives Money in Advance of Performing a Service

question 110

Multiple Choice

A company that receives money in advance of performing a service. What is the journal entry for the transaction?

• A) Unearned Revenue - Debit; Accounts Payable - Credit
• B) Cash - Debit; Unearned Revenue - Credit
• C) Cash - Debit; Prepaid Fees - Credit
• D) Cash - Debit; Accounts Receivable. - Credit

---

Definitions:

Synapses

Junctions where neurons communicate with each other or with other types of cells, allowing for the transmission of electrical or chemical signals across the nervous system.

Vertebrate Brain

The central nervous system component of vertebrates, including humans, responsible for processing sensory information and coordinating behavior.

Evolutionary History

The chronology of the development and diversification of organisms and their genetic traits over geological time.

Ecological Specialization

The adaptation of an organism or species to thrive in a specific environmental condition or utilize a particular resource.