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Fargo's Detective Agency is paid $2,500 in December for services to be performed for a client in January. Fargo's Detective Agency uses the accrual basis
Fargo's Detective Agency is paid $2,500 in December for services to be performed for a client in January. Fargo's Detective Agency uses the accrual basis of accounting. To record the entry for this transaction, the company will debit the Cash account in December for $2,500. What will be the other account involved in the December accounting entry prepared by Fargo's Detective Agency.
A) Unearned Revenue
B) Prepaid Service
C) Accounts Receivable
D) Service Revenue
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