Multiple Choice
Assume that a company received $2,400 in advance for one year membership fee in the fitness center.The entry that would be made to record the recognition of revenue at the end of first month is:
A) Revenue 2,400
Cash 2,400
B) Cash 200
Revenue 200
C) Unearned revenue 200
Revenue 200
D) Revenue 200
Unearned revenue 200
Correct Answer:
Verified
Correct Answer:
Verified
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