Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. silvia's studio provided $150 of dance instruction

Silvia's Studio provided $150 of dance instruction and rented out its dance studio to the...

60.1K

Verified Solution

Question

Accounting

Silvia's Studio provided $150 of dance instruction and rented out its dance studio to the same client for another $100. The client paid cash immediately. Identify the general journal entry below that Silvia's Studio will make to record the transaction.

Question 31 options:

A)

Account Title Debit Credit
Rental Revenue 100
Instruction Revenue 150
Cash 250

B)

Account Title Debit Credit
Accounts Payable 250
Rental Revenue 100
Instruction Revenue 150

C)

Account Title Debit Credit
Cash 250
Rental Revenue 100
Instruction Revenue 150

D)

Account Title Debit Credit
Rental Revenue 100
Instruction Revenue 150
Accounts Receivable 250

E)

Account Title Debit Credit
Unearned Revenue 250
Rental Revenue 100
Instruction Revenue 150

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students