The receipt of $6,000 in advance ticket sales would be recorded as
A) debit Cash,credit Unearned Revenue.
B) debit Unearned Revenue,credit Sales.
C) debit Sales,credit Unearned Revenue.
D) debit Unearned Revenue,credit Cash.
E) debit Cash,credit Revenue Payable.
Correct Answer:
Verified
Q38: Kirland performed warranty repair work for a
Q39: Fees accepted in advance from a client
A)are
Q40: Long-term liabilities
A)are liabilities arising from future events.
B)are
Q41: Liabilities
A)Can be reliably estimated
B)Must be certain
C)Must be
Q42: The difference between the amount received from
Q44: Obligations not expected to be paid within
Q45: Short-term notes payable
A)can replace an account payable.
B)usually
Q46: The current portion of long-term debt
A)Refers to
Q47: Estimated liabilities can arise from
A)warranties.
B)property taxes.
C)income taxes.
D)employee
Q48: Which of the following is created by
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