$$\begin{array} { | c | c | c | c | c | c | }
\hline \text { March } & 6 & \text { Cash } & & 2,500 & \
\hline & & \text { Unearned Fees } & & & 2,500 \
\hline & & ? ? ? ? ? ? ? ? ? ? ? ? & & & \
\hline
\end{array}$$ What is the best explanation for this journal entry?
A) Received cash for services performed.
B) Received cash for services to be performed in the future.
C) Paid cash in advance for services to be performed.
D) Performed services for which cash is owed.

Question

$$\begin{array} { | c | c | c | c | c | c | } 
\hline \text { March } & 6 & \text { Cash } & & 2,500 & \
\hline & & \text { Unearned Fees } & & & 2,500 \
\hline & & ? ? ? ? ? ? ? ? ? ? ? ? & & & \
\hline
\end{array}$$ What is the best explanation for this journal entry?
A) Received cash for services performed.
B) Received cash for services to be performed in the future.
C) Paid cash in advance for services to be performed.
D) Performed services for which cash is owed.

Quizplus · Accepted Answer

Received cash for services to be performed in the future.

What Is the Best Explanation for This Journal Entry? A)

What Is the Best Explanation for This Journal Entry?
A)