On 15 December,General Stores received cash of $900 in advance for a special order of goods.By 31 December,$400 of the goods had been delivered to the customer.What is the account name and amount of a current liability that will be reported on the balance sheet as at 31 December?
A) Unearned revenue $500
B) Unearned revenue $400
C) Acounts receivable $400
D) This transaction does not create a liability.
Correct Answer:
Verified
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