Multiple Choice
In November,cash is received in advance of rendering services.Assuming that the services have been performed by December 31,the adjusting entry would be
A) Unearned Service Revenue - Debit; Cash - Credit
B) Cash - Debit; Service Revenue - Credit
C) Unearned Service Revenue - Debit; Service Revenue - Credit
D) Service Revenue - Debit; Prepaid Services - Credit
Correct Answer:
Verified
Correct Answer:
Verified
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