Management Services, Inc

question 178

Multiple Choice

Management Services, Inc. provides services to clients. On May 1, a client prepaid Management Services $60,000 for 6-months services in advance. Management Services' general journal entry to record this transaction will include a

• A) Debit to Unearned Management Fees for $60,000.
• B) Credit to Management Fees Earned for $60,000.
• C) Credit to Cash for $60,000.
• D) Credit to Unearned Management Fees for $60,000.
• E) Debit to Management Fees Earned for $60,000.

---

Definitions:

Prejudiced Belief

A preconceived opinion or judgment that is not based on reason or actual experience, often directed towards a group or individual.

Self-Regulate

The ability to manage and adjust one's emotions, behaviors, and desires in accordance with one's long-term goals.

Conscious Processes

Mental activities of which an individual is aware, involving thought, perception, and decision-making.

Stereotypes

Oversimplified and widely held fixed images or ideas of particular types of people or things, often based on limited information.