Solved

Silvia's Studio Provided $150 of Dance Instruction and Rented Out

Question 97

Multiple Choice

Silvia's Studio provided $150 of dance instruction and rented out its dance studio to the same client for another $100. The client paid cash immediately. Identify the general journal entry below that Silvia's Studio will make to record the transaction.


A)  Rental Revenue 100 Instruction Revenue 150 Cash 250\begin{array} { | l | r | r | } \hline \text { Rental Revenue } & 100 \\\hline \text { Instruction Revenue } & 150 & \\\hline \text { Cash } & & 250 \\\hline\end{array}
B)  Accounts Payable 250 Rental Revenue 100 Instruction Revenue 150\begin{array}{|l|l|l|}\hline \text { Accounts Payable } & 250 & \\\hline \text { Rental Revenue } & & 100 \\\hline \text { Instruction Revenue } & & 150 \\\hline\end{array}
C)  Cash 250 Rental Reverue 100 Irstruction Reverue 150\begin{array} { | l | r | r | } \hline \text { Cash } & 250 & \\\hline \text { Rental Reverue } & & 100 \\\hline \text { Irstruction Reverue } & & 150\\\hline \end{array}
D)  Rental Reverue 100 Irstruction Reverue 150 Accourits Receivable 250\begin{array} { | l | r | r | } \hline \text { Rental Reverue } & 100 \\\hline \text { Irstruction Reverue } & 150 & \\\hline \text { Accourits Receivable } & & 250\\\hline \end{array}
E)  Unearned Revenue 250 Rental Revenue 100 Instruction Revenue 150\begin{array}{|l|r|r|}\hline \text { Unearned Revenue } & 250 & \\\hline \text { Rental Revenue } & & 100 \\\hline \text { Instruction Revenue } & & 150 \\\hline\end{array}

Correct Answer:

verifed

Verified

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

Related Questions