On 20 June 2013, Parker Services received $2 400 in advance from a customer for one month's service. The journal entry to record the receipt of cash would be which of the following?
A) Debit Cash $2 400 and credit Unearned service revenue $2 400.
B) Debit Unearned service revenue $2 400 and credit Service revenue $2 400.
C) Debit Cash $2 400 and credit Service revenue $2 400.
D) Debit Unearned service revenue $2 400 and credit Cash $2 400.
Correct Answer:
Verified
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