Unearned revenues are classified ________ as and have a normal balance of ________.
A) Liabilities, CR
B) Revenues, CR
C) Assets, DR
D) Equity, CR

Name: Unearned revenues are classified ________ as and have a normal balance of ________. A) Liabilities, CR B) Revenues, CR C) Assets, DR D) Equity, CR
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Question

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Unearned revenues are considered liabilities because they represent obligations to provide goods or services in the future. The normal balance in accounting terms for liabilities is credit.

Unearned Revenues Are Classified ________ as and Have a Normal