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Business, 13.02.2020 19:59 rachel2005smith
Golddigger Services, Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $60,000 for 6-months services in advance. Golddigger Services' general journal entry to record this transaction will include a:.
A. Debit to Unearned Management Fees for $62,000.
B. Credit to Cash for $62,000.
C. Credit to Unearned Management Fees for $62,000.
D. Debit to Management Fees Earned for $62,000.
E. Credit to Management Fees Earned for $62,000.
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Answers: 3
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