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13. QRS Company receives an advance cash payment of $12,000 from a customer in January 2020 for goods that will be delivered in October 2020.

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13. QRS Company receives an advance cash payment of $12,000 from a customer in January 2020 for goods that will be delivered in October 2020. What is the correct accounting for this transaction when QRS Company receives the cash? a. Debit deferred revenue b. Debit accrued revenue c. Credit sales d. Credit deferred revenue

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