What is the effect of the December 31 adjusting entry to record $400 of revenues earned but not yet collected?
A) Cash should be decreased by $400 and Sales Revenue should be increased by $400.
B) Unearned Revenue should be increased by $400 and Sales Revenue should be decreased by $400.
C) Accounts Receivable should be increased by $400 and Sales Revenue should be increased by $400.
D) Accounts Receivable should be increased by $400 and Unearned Revenue should be increased by $400.
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