Leece Company experienced an accounting event that affected its financial statements as indicated below: $Leece Company experienced an accounting event that affected its financial statements as indicated below: +/- \quad\quad\quad \text{n/a}\quad\quad\quad\quad\quad \text{n/a}\quad\quad\quad \text{n/a}\quad\quad\quad\quad \text{n/a}\quad\quad \text{n/a}\quad\quad \text{+QA} Which of the following accounting events could have caused these effects on the company's financial statements? A) Provided consulting services on account B) Provided consulting services for cash C) Collected cash in partial settlement of its account receivable D) The information provided does not represent a completed event.$

+/- \quad\quad\quad \text{n/a}\quad\quad\quad\quad\quad \text{n/a}\quad\quad\quad \text{n/a}\quad\quad\quad\quad \text{n/a}\quad\quad \text{n/a}\quad\quad \text{+QA}

Which of the following accounting events could have caused these effects on the company's financial statements?
A) Provided consulting services on account
B) Provided consulting services for cash
C) Collected cash in partial settlement of its account receivable
D) The information provided does not represent a completed event.

The Adjusting Entry to Recognize Work Completed on Unearned Revenue

Multiple Choice

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