BNL Completed a Performance and Collected Revenue of $10,000 Not

Multiple Choice

BNL completed a performance and collected revenue of $10,000 not previously billed or recorded. The journal entry to record the collection would be

A) Accounts Receivable   10,000
Performance Fees   10,000
B) Cash   10,000
Performance Fees   10,000
C) Accounts Receivable  10,000
Cash   10,000
D) Performance Fees   10,000
Cash   10,000