Early in the accounting period, Sam Smith paid $ 6 , 0 0 0 for services in
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Question:
Early in the accounting period, Sam Smith paid $ for services in advance of receiving them; Cash was debited and Unearned Service Fees was credited for $ At the end of the accounting period, twothirds of the services paid for had yet to be performed.
The proper adjusting entry is:
Question options:
A
Service Fees Earned
Unearned Service Fees
B
Unearned Service Fees
Service Fees Earned
C
Service Fees Earned
Unearned Service Fees
D
Unearned Service Fees
Service Fees Earned
Related Book For
Accounting Principles Part 1
ISBN: 978-1118306789
6th Canadian edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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