Question Ahmed Al-Ahmad started his own consulting firm on December 1, 2019. The unadjusted trial...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Question Ahmed Al-Ahmad started his own consulting firm on December 1, 2019. The unadjusted trial balance at December 31 is shown below. Al-Ahmad Company Unadjusted Trial Balance December 31, 2019 Account Title Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accounts Payable Unearned Service Revenue A Al-Ahmad, Capital Service Revenue Salaries Expense Rent Expense Total Debits ($) Credits (S) 7,150 6,000 2,000 3,000 15,000 4,500 4,000 21,750 7,900 4,000 1,000 $38,150 $38,150 Requirement: Assume that invoices representing $1,000 of services performed during the month have not been recorded as of December 31. How this transaction should be recorded by the end of year? O A Unearned Service Revenue (Debit) and Service Revenue (Credit) by $1,000 OB. Service Revenue (Debit) and Unearned Service Revenue (Credit) by $1,000 C. Accounts Receivable (Debit) and Service Revenue (Credit) by $1,000 D. Service Revenue (Debit) and Accounts Receivable (Credit) by $1,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
