Solved

If Cash Is Received from Customers in Payment for Services

Question 52

Multiple Choice

If cash is received from customers in payment for services that have not yet been performed,the business would record the cash receipt as:


A) A debit to an unearned revenue account.
B) A debit to a prepaid expense account.
C) A credit to an unearned revenue account.
D) A credit to a prepaid expense account.
E) A credit to accounts payable.

Correct Answer:

verifed

Verified

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

Related Questions