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What account will ochoa debit on february

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On January 30, Ochoa Company received $50,000 from a client to design a new product line. On February 28, Ochoa completed the new design and presented it to the client.

Question 1. What account will Ochoa debit on January 30?

a. Unearned Revenue

b. Revenue

c. Cash

d. Account Payable

e. Accounts Receivable

Question 2. What account will Ochoa credit on January 30?

a. Unearned Revenue

b. Revenue

c. Cash

d. Account Payable

e. Accounts Receivable

Question 3. What account will Ochoa debit on February 28?

a. Unearned Revenue

b. Revenue

c. Cash

d. Account Payable

e. Accounts Receivable

Question 4. What account will Ochoa credit on February 28?

a. Unearned Revenue

b. Revenue

c. Cash

d. Account Payable

e. Accounts Receivable

Reference no: EM132689559

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