Question: Use the transactions below for Hesson Properties to answer the question that follows. Nov. 1 Hesson purchases two new maintenance carts on credit at $375

Use the transactions below for Hesson Properties to answer the question that follows.

Nov. 1 Hesson purchases two new maintenance carts on credit at $375 each. The carts are added to Hessons property, plant, and equipment records. Payment is due in 30 days.
Nov. 8 Hesson accepts $75 of advance payments from customers for services to be provided in December.
Nov. 15 Hesson receives the utility bill for $150. Payment is due in 30 days.
Nov. 20 Customers are billed $750 by Hesson for property services. Payment is due from the customers in 30 days.

Based on these transactions, what is the journal entry to record the November 8th transaction?

a.
Cash 75

Service Revenue

75
b.
Accounts Receivable 75

Service Revenue

75
c.
Cash 75

Unearned Revenue

75
d.
Unearned Revenue 75

Accounts Receivable

75

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