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Gi Gi's Dance Studio Provided $150 of Dance Instruction and Rented

Question 144

Short Answer

Gi Gi's Dance Studio provided $150 of dance instruction and rented out its dance studio to the same client for another $100. The client paid immediately. Identify the general journal entry below that Gi Gi's will make to record the transaction.
A)
 Accounts Receivable 250 Rental Revenue 100 Instruction Revenue 150\begin{array}{|l|r|r|}\hline \text { Accounts Receivable } & 250 & \\\hline \text { Rental Revenue } & & 100 \\\hline \text { Instruction Revenue } & & 150 \\\hline\end{array}
B)
 Unearned Revenue 250 Rental Revenue 100 Instruction Revenue 150\begin{array}{|l|r|r|}\hline \text { Unearned Revenue } & 250 & \\\hline \text { Rental Revenue } & & 100 \\\hline \text { Instruction Revenue } & & 150 \\\hline\end{array}
C)
 Rental Revenue 100 Instruction Revenue 150 Cash 250\begin{array}{|l|r|r|}\hline \text { Rental Revenue } & 100 & \\\hline \text { Instruction Revenue } & 150 & \\\hline \text { Cash } & & 250 \\\hline\end{array}
D)
 Accounts Payable 250 Rental Revenue 100 Instruction Revenue 150\begin{array}{|l|r|r|}\hline \text { Accounts Payable } & 250 & \\\hline \text { Rental Revenue } & & 100 \\\hline \text { Instruction Revenue } & & 150 \\\hline\end{array}
E)
 Cash 250 Rental Revenue 100 Instruction Revenue 150\begin{array}{|l|r|r|}\hline \text { Cash } & 250 & \\\hline \text { Rental Revenue } & & 100 \\\hline \text { Instruction Revenue } & & 150 \\\hline\end{array}

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