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

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial…