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Kostner Financial Services, Inc. performed accounting services for a client in December. A bill was ...

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Kostner Financial Services, Inc. performed accounting services for a client in December. A bill was ...

Kostner Financial Services, Inc. performed accounting services for a client in December. A bill was mailed to the client on December 30. The company received the client's check by mail on January 5. Which of the following accounts should appear on the income statement for the year ended December 31 as related to the services performed?
A) Accounts Payable
B) Prepaid Expense
C) Service Revenue
D) Unearned Revenue

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 200 times

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H3Ko Author

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7 years ago

I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right

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Mrgo-breed

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7 years ago

I'm liking this Slight Smile

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