In November, cash is received in advance of rendering services. Assuming that the services have been performed by December 31, the adjusting entry would be
a. Unearned Service Revenue – Debit; Cash – Credit
b. Cash – Debit; Service Revenue – Credit
c. Unearned Service Revenue – Debit; Service Revenue – Credit
d. Service Revenue – Debit; Prepaid Services – Credit
C
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You invest $15,000 today, compounded monthly, with an annual interest rate of 8.25%. What amount of interest will you earn in one year?
A) $1,285.38 B) $1,295.38 C) $1,298.98 D) $1,723.23
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Personal financial management is important in your career and work performance
Indicate whether the statement is true or false
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