Under the Alternative Method for Accounting for Unearned Revenues, Which $\begin{array}{|c|c|}\hline \text { Initial Entry } & \text { Adjusting Entry } \\\hline\end{array}$

question 47

Multiple Choice

Under the alternative method for accounting for unearned revenues, which of the following pairs of journal entry formats is correct?
$\begin{array}{|c|c|}\hline \text { Initial Entry } & \text { Adjusting Entry } \\\hline\end{array}$

• A)\(\begin{array} { | c | c | }
• \hline \text { Cash } & \text { Unearned Consulting Revenue } \\
• \hline \text { Unearned Consulting Revenue } & \text { Consulting Revenue } \\
• \hline
• \end{array}\)
• B)\(\begin{array} { | l | c | }
• \hline \text { Cash } & \text { Consulting Revenue } \\
• \hline \text { Consulting Revenue } & \text { Unearned Revenue } \\
• \hline
• \end{array}\)
• C)\(\begin{array} { | c | c | }
• \hline \text { Cash } & \text { Unearned Revenue } \\
• \hline \text { Unearned Revenue } & \text { Cash } \\
• \hline
• \end{array}\)
• D)\(\begin{array} { | c | c | }
• \hline \text { Consulting Revenue } & \text { Unearned Revenue } \\
• \hline \text { Cash } & \text { Consulting Revenue } \\
• \hline
• \end{array}\)
• E)\(\begin{array} { | l | c | }
• \hline \text { Cash } & \text { Consulting Revenue } \\
• \hline \text { Unearned Revenue } & \text { Unearned Revenue } \\
• \hline
• \end{array}\)

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