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Amelia Consulting Services collected $12,000 cash for services to be provided in the future. Which of the following shows how recognizing the cash receipt will
Amelia Consulting Services collected $12,000 cash for services to be provided in the future. Which of the following shows how recognizing the cash receipt will affect the company's ledger accounts?
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| Assets | = | Liabilities | + | Stockholders' Equity | |||||
|
| Cash | Prepaid Rent |
| Unearned Revenue |
| Common Stock | Retained Earnings |
| ||
| A. |
|
|
| 12,000 |
|
| (12,000) |
| ||
| B. | 12,000 |
|
| 12,000 |
|
|
|
| ||
| C. | 12,000 |
|
|
|
|
| 12,000 |
| ||
| D. |
|
|
| (12,000) |
|
| 12,000 |
| ||
| Option A | ||
| Option B | ||
| Option C | ||
| Option D |
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