On May 1, Mattingly Lawn Service collected $2,500 cash from a customer in advance of five months

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On May 1, Mattingly Lawn Service collected $2,500 cash from a customer in advance of five months of lawn service. Mattingly’s journal entry to record this transaction includes a

a. Credit to Unearned Lawn Service Eees for $2,500.

b. Debit to Lawn Service Fees Earned for $2,500.

c. Credit to Cash for $2,500.

d. Debit to Unearned Lawn Service Fees for $2,500.

e. Credit to capital for $2,500

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Related Book For  book-img-for-question

Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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