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TJ Enries 11. You receive $80,000 before you do work for a customer. The journal...

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Accounting

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TJ Enries 11. You receive $80,000 before you do work for a customer. The journal entry to record this transaction is ... 80,000 a. Cash Unearned Revenue To record cash received 80,000 80,000 b. Cash Accounts Receivable To record cash received 80,000 80,000 c. Cash Accounts Payable To record cash received 80,000 80,000 d. Unearned Revenue Cash To record cash received 80,000 12. When are adjusting entries prepared? a. beginning of the accounting period b. end of the accounting period c. middle of the accounting period d. time of the transaction 13. Your company holds a 90-day note receivable of $10,000 from a customer. The note is dated October 31 and has a 12% interest rate. Your company's year ends on December 31. How much interest revenue do you accrue on December 312 a. $1,200 b. $300 c. $200 d. $0

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