On November 1, clients of Carolina Panther Company prepaid $4,250 for services to be provided in the future at a rate of $85 per hour.

(a) Journalize the receipt of cash.

(b) As of November 30, Carolina Panther Co. shows that 15 hours of services have been provided on this agreement. Prepare the necessary journal entry.

(c) Determine the total unearned fees in hours an ddollars at November 30. No entry necessary. Please put answer on this line: __________________________

Date	Account Titles	Debits	Credits

Answer rating: 100% (QA)

1Nov Cash 4250 Unearned service revenue 4250 3... View the full answer