What accounts are affected by the payment of a service that has yet to be provid

Question

What accounts are affected by the payment of a service that has yet to be provided? Select one: a. Unearned Revenue and Service Revenue b. Cash and Unearned Revenue c. Cash and Service Revenue d. Accounts Receivable and Sales Revenue What accounts are affected by the payment of a service that has yet to be provided? Select one: a. Unearned Revenue and Service Revenue b. Cash and Unearned Revenue c. Cash and Service Revenue d. Accounts Receivable and Sales Revenue What accounts are affected by the payment of a service that has yet to be provided? Select one: a. Unearned Revenue and Service Revenue b. Cash and Unearned Revenue c. Cash and Service Revenue d. Accounts Receivable and Sales Revenue

Explanation / Answer

Answer b. Cash and Unearned Revenue The journal entry to be passed: Particulars Dr. Amt. Cr. Amt. Cash XXX    Unearned Revenue XXX

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