Multiple Choice
Carithers Cleaning Service received advance payments from customers during 2019 of $24,000. At December 31, 2019, $5,000 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2019, the balances in the Unearned Service Revenue and Service Revenue accounts will be:
Unearned Service Revenue Service Revenue
A) $0 $24,000
B) $5,000 $19,000
C) $5,000 $24,000
D) $24,000 $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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