9. On December 1st, SPX Consulting signed a contract with a client where they would provide marketing and branding advice for a new product the client is launching. The consulting services will start in January of the following year. As part of the contract, the client paid SPX $5,000 as a deposit on December 1st to secure the services. unearned revenue. On December 31st, under accrual and cash basis account, what should /SPX record? Acerual Accrual basis a) A liability b) Income c) Income d) A liability Cash basis income a hability Income a liability Customer 5000 spx Not excha

9. On December 1tr,SPX Consulting signed a contract with a client where they would provide marketing and branding advice for a new product the client is launching. The consulting services will start in January of the following year. As part of the contract, the client paid SPX $5,000 as a deposit on December 11" to secure the services