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