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Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 30th. Received a deposit of $800 for servicing a mid-afternoon get together on February 29th. The group wanted to reserve the date to do something special in her house as it only happens once every 4 years. Multiple Choice O Dr Cash $800 Cr Revenue $800 Dr Account Receivable $800 Cr Unearned Revenue None of the other alternatives are correct No journal entry

Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 30th. Received a deposit of $800 for servicing a mid-afternoon get together on February 29th. The group wanted to reserve the date to do something special in her house as it only happens once every 4 years. Multiple Choice O Dr Cash $800 Cr Revenue $800 Dr Account Receivable $800 Cr Unearned Revenue None of the other alternatives are correct No journal entry

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 30th. Received a deposit of $800 for servicing a mid-afternoon get together on February 29th. The group wanted to reserve the date to do something special in her house as it only happens once every 4 years. Multiple Choice Dr Cash $800 Cr Revenue $800 Dr Account Receivable $800 Cr Unearned Revenue None of the other alternatives are correct No journal entry
Transcribed Image Text:Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 30th. Received a deposit of $800 for servicing a mid-afternoon get together on February 29th. The group wanted to reserve the date to do something special in her house as it only happens once every 4 years. Multiple Choice Dr Cash $800 Cr Revenue $800 Dr Account Receivable $800 Cr Unearned Revenue None of the other alternatives are correct No journal entry
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