On May 1, Mattingly Lawn Service collected $2,500 cash from a customer in advance of five months
Question:
On May 1, Mattingly Lawn Service collected $2,500 cash from a customer in advance of five months of lawn service.
Mattingly’s journal entry to record this transaction includes a
a. Credit to Unearned Lawn Service Fees for $2,500.
b. Debit to Lawn Service Fees Earned for $2,500.
c. Credit to Cash for $2,500.
d. Debit to Unearned Lawn Service Fees for $2,500.
e. Credit to Common Stock for $2,500.
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Related Book For 
Financial And Managerial Accounting Information For Decisions
ISBN: 9781259726705
7th Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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