Beetles,Inc $$\begin{array} { | l | r | r | } \hline \text { Cash } & 4,500 & \\\hline \text { Unearned Revenue } & & 4,500 \\\hline\end{array}$$

Multiple Choice

Beetles,Inc.recorded the following journal entry on March 2,2016. $$\begin{array} { | l | r | r | } \hline \text { Cash } & 4,500 & \\\hline \text { Unearned Revenue } & & 4,500 \\\hline\end{array}$$ From the journal entry above,identify the transaction on March 2,2016.

A) Beetles purchased goods worth $4,500 and signed a one-year note for the same.
B) Beetles sold goods for $4,500 cash.
C) Beetles received $4,500 for services to be performed in a later period.
D) Beetles paid $4,500 for services to be received at a later date.