In an Adjusting Entry,the Debit to the Unearned Revenue Account

question 85

Multiple Choice

In an adjusting entry,the debit to the Unearned Revenue account represents the:

• A)value of services owed to customers.
• B)amount of cash to be paid for future services.
• C)amount of cash to be collected from customers.
• D)value of services performed in the current period.

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Definitions:

Unconscious

According to Freud, a reservoir of mostly unacceptable thoughts, wishes, feelings, and memories. According to contemporary psychologists, information processing of which we are unaware.

Serial Position Effect

A phenomenon in memory that suggests people tend to recall the first and last items in a series best, and the middle items worst.

Recall Best

The tendency to remember and bring to mind the most significant or vivid memories more easily than others.

List

A sequence or collection of items, often enumerated or laid out in order, which can be written or verbal.