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Meggie's Fitness Center Received $720 from a Customer in Advance  Unearned revenue 720 Cash 720\begin{array}{l}\text { Unearned revenue } &720\\\text { Cash }&&720\end{array}

Question 51

Multiple Choice

Meggie's Fitness center received $720 from a customer in advance for one year membership in the fitness center.The entry that would be made to record the fee receipt is:


A)
 Unearned revenue 720 Cash 720\begin{array}{l}\text { Unearned revenue } &720\\\text { Cash }&&720\end{array}
B)
 Cash 720 Unearned revenue 720\begin{array}{ll}\text { Cash } & 720 \\\text { Unearned revenue }&&720\end{array}

C)
 Unearned revenue 720 Revenue 720\begin{array}{l}\text { Unearned revenue } &720\\\text { Revenue }&&720\end{array}

D)
 Revenue 720 Unearned revenue 720\begin{array}{lll}\text { Revenue }& 720 \\\text { Unearned revenue } && 720 \\\end{array}

Correct Answer:

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