Multiple Choice
On June 20,2013,Parker Services received $2,400 in advance from a customer for one month's service.The journal entry to record the receipt of cash would be which of the following?
A) Debit Unearned service revenue $2,400 and credit Cash $2,400.
B) Debit Cash $2,400 and credit Service revenue $2,400.
C) Debit Unearned service revenue $2,400 and credit Service revenue $2,400.
D) Debit Cash $2,400 and credit Unearned service revenue $2,400.
Correct Answer:
Verified
Correct Answer:
Verified
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