Solved

Gloria Catering Provided $1,000 of Catering Services and Billed Its  Unearned Catering Revenue 1,000 Catering Revenue 1,000\begin{array}{|l|l|l|}\hline \text { Unearned Catering Revenue } & 1,000 & \\\hline \text { Catering Revenue } & & 1,000 \\\hline\end{array}

Question 73

Multiple Choice

Gloria Catering provided $1,000 of catering services and billed its client for the amount owed. Determine the general journal entry that Gloria Catering will make to record this transaction.


A)  Unearned Catering Revenue 1,000 Catering Revenue 1,000\begin{array}{|l|l|l|}\hline \text { Unearned Catering Revenue } & 1,000 & \\\hline \text { Catering Revenue } & & 1,000 \\\hline\end{array}
B)  Catering Revenue 1,000 Accounts Receivable 1,000\begin{array}{|l|r|l|}\hline \text { Catering Revenue } & 1,000 & \\\hline \text { Accounts Receivable } & & 1,000 \\\hline\end{array}
C)  Accounts Receivable 1,000 Unearned Catering Revenue 1,000\begin{array}{|l|l|l|}\hline \text { Accounts Receivable } & 1,000 & \\\hline \text { Unearned Catering Revenue } & & 1,000 \\\hline\end{array}
D)  Accounts Receivable 1,000 Catering Revenue 1,000\begin{array}{|l|r|l|}\hline \text { Accounts Receivable } & 1,000 & \\\hline \text { Catering Revenue } & & 1,000 \\\hline\end{array}
E)  Accounts Payable 1,000 Catering Revenue 1,000\begin{array}{|l|l|l|}\hline \text { Accounts Payable } & 1,000 & \\\hline \text { Catering Revenue } & & 1,000 \\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions