In January,the Caribbean Dream Resort Books and Accepts a Cash

Multiple Choice

In January,the Caribbean Dream Resort books and accepts a cash payment for $32,000 for vacation services to be provided during spring break in March.The journal entry recorded in January will include a debit to:

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