On May 25, Carlin Company received a $550 check from Andy Jeter for services to be performed in the future. The bookkeeper for Carlin Company incorrectly debited Cash for $550 and credited Accounts Receivable for $550. The amounts have been posted to the ledger. To correct this entry, the bookkeeper should: O a. debit Accounts Receivable $550 and credit Cash $550. O b. debit Cash $550 and credit Unearned Service Revenue $550. O . debit Accounts Receivable $550 and credit Service Revenue $550. O d. debit Accounts Receivable $550 and credit Unearned Service Revenue $550.

On May 25, Carlin Company received a $550 check from Andy Jeter for services to be performed in the future. The bookkeeper for Carlin Company incorrectly debited Cash for $550 and credited Accounts Receivable for $550. The amounts have been posted to the ledger. To correct this entry, the bookkeeper should: O a. debit Accounts Receivable $550 and credit Cash $550. O b. debit Cash $550 and credit Unearned Service Revenue $550. O . debit Accounts Receivable $550 and credit Service Revenue $550. O d. debit Accounts Receivable $550 and credit Unearned Service Revenue $550.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 2SEQ: On January 24, 20Y8, Niche Consulting collected $5,700 it had hilled its clients for services...

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