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 done.
D) Paid cash for services to be performed.

Question

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 done. 
D) Paid cash for services to be performed.

Quizplus · Accepted Answer

The Answer of  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 done. 
D) Paid cash for services to be performed.

What Is the Best Explanation for This Journal Entry