Multiple Choice
A baseball team records ticket revenue received in advance as Unearned Revenue. On the team's work sheet, the required adjusting entry is
A) debit Cash; credit Unearned Revenue.
B) debit Revenue; credit Unearned Revenue.
C) debit Unearned Revenue; credit Cash.
D) debit Unearned Revenue; credit Revenue.
E) debit Cash; credit Unearned Revenue Income.
Correct Answer:
Verified
Correct Answer:
Verified
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