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Harrisburg Area Community College - ACCT 101 1)ABC Catering received $900 cash from a customer for catering services to be provided next month

Accounting

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Harrisburg Area Community College - ACCT 101

1)ABC Catering received $900 cash from a customer for catering services to be provided next month. Given the choices below, determine the general journal entry that ABC Catering will make to record the cash receipt. Assume the company’s policy is to initially record prepaid and unearned items in balance sheet accounts.

 

Multiple Choice

 

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Unearned Catering Revenue	900
Catering Revenue		900

 

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Cash	900
Accounts Receivable		900

 

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Cash	900
Unearned Catering Revenue	900

 

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Cash	900
Catering Revenue		900

 

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	Accounts Receivable	900
	Catering Revenue		900