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36. If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are

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36. If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are performed will be a. debit Unearned Revenue and credit Casti. b. debit Uneamed Revenue and credit Service Revenue. c.debit Unearned Revenue and credit Prepaid Expense. d. debit Uneamed Revenue and credit Accounts Receivable. 6. State whether each situation is a: Prepaid expense (PE) Unearned revenue (UR) Accrued Revenue (AR) Accrued expense (AE) 1. Unrecorded interest on savings bonds is $245. (...) 2. Property taxes that have been incurred but that have not yet been paid or recorded amount to $300 (- 3. Legal fees of $1,000 were collected in advance. By year end 60 percent were still uneared. (------) 4. Prepaid insurance and a $500 balance prior to adjustment. By year end, 40 percent was still unexpired (

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