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Adams, Inc  Cash 9,000 Unearned Revenue 9,000\begin{array} { | l | r | r | } \hline \text { Cash } & 9,000 & \\\hline \text { Unearned Revenue } & & 9,000 \\\hline\end{array}

Question 129

Multiple Choice

Adams, Inc. recorded the following journal entry on March 2, 2018.  Cash 9,000 Unearned Revenue 9,000\begin{array} { | l | r | r | } \hline \text { Cash } & 9,000 & \\\hline \text { Unearned Revenue } & & 9,000 \\\hline\end{array} From the journal entry above, identify the transaction on March 2, 2018.


A) Adams purchased goods worth $9,000 and signed a one-year note for the same amount.
B) Adams sold goods for $9,000 cash.
C) Adams received $9,000 for services to be performed in a later period.
D) Adams paid $9,000 for services to be received at a later date.

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