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    Principles of Financial Accounting Study Set 1
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    Exam 3: Adjusting the Accounts
  5. Question
    When the Original Entry for Unearned Revenue Is Credited to Revenue
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When the Original Entry for Unearned Revenue Is Credited to Revenue

Question 41

Question 41

True/False

When the original entry for unearned revenue is credited to Revenue, the adjusting entry will debit Revenue and credit Unearned Revenue for the unearned amount at the date of the Financial Statements.

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