A person is getting divorced and consults an attorney at a law firm. After some discussion, the attorney tells the client that she can help the client and collects $3,000 upfront prior to starting work for the client. The law firm will immediately record this $3,000 as Unearned Revenue in the general ledger.

Group of answer choices

True

False

Question 2

On 11/2, Wawa collects $10,000 in sales revenue from credit card payments. These payments are processed by a credit card processor which charges a 5% fee to Wawa for collecting the credit card charges and depositing the money collected to Wawa's cash account at their bank. The amount of cash Wawa will receive from the credit card processor on 11/3 will be $9,500.

Group of answer choices

True

False

Question 3

On 11/2, Wawa collects $10,000 in sales revenue from credit card payments. These payments are processed by a credit card processor which charges a 5% fee to Wawa for collecting the credit card charges and depositing the money collected to Wawa's cash account at their bank. The amount of sales revenue recorded by Wawa for credit card sales for 11/2 is $9,500.

Group of answer choices

True

False

Will be upvoting, thank you SO much to anyone who replies <3