To decrease an unearned revenue account, a credit entry to that account must be made.
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Q8: An adjusting entry always involves two balance
Q18: The balances of the Depreciation Expense and
Q26: Accrued expenses are expenses that have been
Q27: Prepayments are always made with cash.
Q28: Prepayments must always be debited to an
Q29: The useful life of an asset is
Q32: The normal balance of the accumulated depreciation
Q34: Unearned revenue is a cash payment which
Q35: Accumulated depreciation is a contra asset account.
Q36: The straight-line method of depreciation will allocate
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