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A company operates a bed and breakfast. As customers make reservations they are required to pay cash in advance equal to one-half of the rate
A company operates a bed and breakfast. As customers make reservations they are required to pay cash in advance equal to one-half of the rate for their stay. How should the bed and breakfast account for $1,000 cash received from customers paying in advance of the reservation? Debit the Unearned Revenue account and credit the Cash account. O Debit the Cash account and credit the Sales Revenue account. Debit the Unearned Revenue account and credit the Service Revenue account. Debit the Cash account and credit the Service Revenue account. Debit the Cash account and credit the Unearned Revenue account
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