Company a Receives $10,000 in Advance This Month for Work

Multiple Choice

Company A receives $10,000 in advance this month for work to be performed next mo nth. This month, the company should:

A) Debit Cash $10,000 and credit Service Revenue $10,000.
B) Debit Cash $10,000 and credit Unearned Revenue $10,000.
C) Debit Cash $10,000 and credit Accounts Payable $10,000.
D) Debit Accounts Payable $10,000 and credit Cash $10,000.