3) Customer X pays company A in advance of a future order.
Company A's entry to record this event is:
Group of answer choices
A- Debit Cash
Credit Unearned
Revenue
B- Debit Unearned Revenue
Credit
Cash
C- Debit Cash
Credit Accounts
Receivable
D- Debit Cash
Credit
Revenue
4) Company A owes its employees $1,000 for work performed
during February. The amount will not be paid until March.
What entry should Company A make at the end of February to
record the amount owed?
Group of answer choices
A- There is no entry to record this event.
B- Debit Wages
Expense $1,000
Credit Cash $1,000
C- Debit Wages
Expense $1,000
Credit Wages
Payable $1,000
D- Debit Wages Payable $1,000
Credit Wages
Expense $1,000
7) After the closing entry is prepared, which of the following
accounts will have a balance?
A- Retained Earnings
B- Net Income
C- Sales Revenue
D- Depreciation Expense
3) Customer X pays company A in advance of a future order. Company A's entry to record this event is: Group of answer c
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3) Customer X pays company A in advance of a future order. Company A's entry to record this event is: Group of answer c
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