A company that receives money in advance of performing a service
A) debits Cash and credits Unearned Service Revenue.
B) debits Unearned Service Revenue and credits Accounts Payable
C) debits Cash and credits Prepaid Insurance.
D) debits Cash and credits Accounts Receivable.
Correct Answer:
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Q116: Which of the following accounts is increased
Q117: A revenue account
A)is increased by debits.
B)is decreased
Q118: Which pair of accounts follows the rules
Q119: Which of the following accounts is increased
Q120: An accountant has debited an asset account
Q122: The Dividends account
A)appears on the income statement
Q123: In the first month of operations, the
Q124: Why are expenses increased with a debit?
A)They
Q125: Which pair of the listed accounts follows
Q126: Which statement is incorrect?
A)Dividends represent a distribution
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