A Consultant Performs Accounting Services for a Client on 30

question 19

Multiple Choice

A consultant performs accounting services for a client on 30 June 2016 and bills the client $350,to be paid within 60 days.Payment is received on 15 August 2016.Accrual accounting is used by both parties.
-What is the journal entry made by the consultant on 30 June 2016?

• A) Dr Service revenue Cr Accounts payable
• B) Dr Accounts receivable Cr Cash
• C) Dr Accounts receivable Cr Service revenue
• D) None of the answers provided

---

Definitions:

Function Morpheme

A morpheme that, while adding such content as time, mode, individuation, and evidentiality, also serves a grammatical purpose (e.g., the suffixes -s and -er, or the connecting words and or if).

Content Morpheme

A morpheme that carries the main semantic and referential content of a sentence. In English content morphemes are usually nouns, verbs, adjectives, or adverbs.

Content Phoneme

The smallest unit of sound that can change the meaning of a word, emphasizing the informational component of speech sounds.

Verb Phrase

A grammatical structure consisting of a verb and its auxiliaries, expressing an action or a state of being.