Robert Rogers, CPA, Performed Accounting Services for a Client in December

Multiple Choice

Robert Rogers, CPA, performed accounting services for a client in December. A bill was mailed to the client on December 30. Roberts received a check by mail on January 5. As per the revenue recognition principle, the related account that should appear on the balance sheet as of December 31 is:

A) Prepaid Expense.
B) Accounts Receivable.
C) Unearned Revenue.
D) Accounts Payable.