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Lori Teach owns a sole proprietorship. During April of 20X1. Loris business received $250 cash in advance for future services. The following entry should be

  1. Lori Teach owns a sole proprietorship. During April of 20X1. Loris business received $250 cash in advance for future services. The following entry should be made when the money is received:
  1. Cash 250

Accounts Receivable 250

  1. Accounts Receivable 250

Unearned Revenue 250

  1. Cash 250

Unearned Revenue 250

  1. Unearned Revenue 250

Service Revenue 250

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