On December 1,2019,Carrie's Day Care receives $4,200 in advance for an agreement to care for Susan's children for the months of December,January,and February.Carrie's Day Care will make an adjusting entry on December 31,2019 to:
A) credit Revenue for $4,200.
B) debit Unearned Revenue for $1,400.
C) credit Revenue for $2,800.
D) credit Prepaid Revenue for $2,800.
Correct Answer:
Verified
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