Multiple Choice
Advance ticket sales totaling $6,000,000 cash would be recognized as follows:
A) Debit Sales,credit Unearned Revenue.
B) Debit Unearned Revenue,credit Sales.
C) Debit Cash,credit Unearned Revenue.
D) Debit Unearned Revenue,credit Cash.
E) Debit Cash,credit Revenue Payable.
Correct Answer:
Verified
Correct Answer:
Verified
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