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A consultant collects $1,000 consultancy fee in advance. The correct entry is here: * Debit Cash $1,000 and credit Unearned Revenue $1,000 Debit Accounts Receivable

A consultant collects $1,000 consultancy fee in advance. The correct entry is here: *

Debit Cash $1,000 and credit Unearned Revenue $1,000

Debit Accounts Receivable and credit Service Revenue $1,000

Debit Accounts Receivable $1,000 and credit Unearned Revenue $1,000

Debit Cash $1,000 and credit Service Revenue $1,000

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