In January, the Huntington Beach Resort (HBR) Accepts Your Reservation

Multiple Choice

In January, the Huntington Beach Resort (HBR) accepts your reservation and receives your $2,000 payment for a week of sun and fun in California during spring break. The $2,000 would be recorded by HBR during January as a debit to:

A) Cash and a credit to Unearned Revenue.
B) Accounts Payable and a credit to Service Revenue.
C) Cash and a credit to Service Revenue.
D) Service Revenue and a credit to Cash.