Multiple Choice
What is the adjustment entry for that portion of revenue received in advance which has now been earned?
A) Unearned Revenue - Debit; Cash - Credit.
B) Unearned Revenue - Debit; Revenue from Services - Credit.
C) Revenue from Services - Debit; Unearned Revenue - Credit.
D) Cash - Debit; Unearned Revenue - Credit.
Correct Answer:
Verified
Correct Answer:
Verified
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