On May 1, Ruby Lawn Service collected $2,500 cash from a customer in advance of five months
Question:
On May 1, Ruby Lawn Service collected $2,500 cash from a customer in advance of five months of lawn service. Ruby’s journal entry to record this transaction includes a
a. Credit to Unearned Revenue for $2,500.
b. Debit to Services Revenue for $2,500.
c. Credit to Cash for $2,500.
d. Debit to Unearned Revenue for $2,500.
e. Credit to Accounts Payable for $2,500.
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