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On March 26, 2021, Four Leaf Clover Inc. agreed to cater a series of night ski/snowboard training events over the next two months for a
On March 26, 2021, Four Leaf Clover Inc. agreed to cater a series of night ski/snowboard training events over the next two months for a local ski hill. When the contract was signed, the ski hill paid Four Leaf Clover Inc. $3,000 for the series, in advance. Required: 1. Select the journal entry from the options below that would have been recorded by Four Leaf Clover Inc. on March 26, 2021. Select one: a. Debit Cash 3,000, Credit Unearned Revenue 3,000. B b. Debit Revenue 3,000, Credit Unearned Revenue 3,000. C. Debit Cash 3,000, Credit Revenue 3,000. d. Debit Cash 3,000, Credit Notes payable 3,000. e. Debit Unearned revenue 3,000, Credit Revenue 3,000
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