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    Financial Accounting Study Set 30
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    Exam 4: Adjustments, Financial Statements, and Financial Results
  5. Question
    Service Revenue Earned but Not Yet Collected by the End
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Service Revenue Earned but Not Yet Collected by the End

Question 81

Question 81

True/False

Service revenue earned but not yet collected by the end of the period was $200; therefore, the adjusting entry should be: Debit--Service revenue receivable, $200; Credit--Unearned service revenue, $200.

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