Question: Does anybody know the answer, please? Golddigger Services Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $60,000 for 6-months services
Does anybody know the answer, please?
Golddigger Services Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $60,000 for 6-months services in advance. Golddigger Services' general journal entry to record this transaction will include a:
A.
Debit to Unearned Management Fees for $60,000.
B.
Credit to Management Fees Earned for $60,000.
C.
Credit to Cash for $60,000.
D.
Credit to Unearned Management Fees for $60,000.
E.
Debit to Management Fees Earned for $60,000.
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