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a business received cash of P300000 in advanced for service that will be provided later. The cash receipt was recorded by a debit to Cash
a business received cash of P300000 in advanced for service that will be provided later. The cash receipt was recorded by a debit to Cash and a credit to unearned revenue for P 300,000. At the end of the period, P190,000 is still unearned. The appropriate adjusting entry would be
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