Multiple Choice
A company that receives money in advance of performing a service. What is the journal entry for the transaction?
A) Unearned Revenue - Debit; Accounts Payable - Credit
B) Cash - Debit; Unearned Revenue - Credit
C) Cash - Debit; Prepaid Fees - Credit
D) Cash - Debit; Accounts Receivable. - Credit
Correct Answer:
Verified
Correct Answer:
Verified
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