Multiple Choice
On September 23 Jerra Nova Company received a $480 check from Paddle Board Inc. for services to be performed in the future. The bookkeeper for Jerra Nova Company incorrectly debited Cash for $480 and credited Accounts Receivable for $480. The amounts have been posted to the ledger. To correct this entry the bookkeeper should
A) debit Cash $480 and credit Unearned Service Revenue $480.
B) debit Accounts Receivable $480 and credit Unearned Service Revenue $480.
C) debit Accounts Receivable $480 and credit Cash $480.
D) debit Accounts Receivable $480 and credit Service Revenue $480.
Correct Answer:
Verified
Correct Answer:
Verified
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