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A firm signed a contract with another firm to provide 9-month service. It received 36.000 TL for 9-month service in advance in cash. Which one

A firm signed a contract with another firm to provide 9-month service. It received 36.000 TL for 9-month service in advance in cash. Which one will be the accounting record?

Select one:

Advance Payments 36.000 debit, Cash 36.000 credit

Unearned Revenue 36.000 debit, cash 36.000 credit

Cash 36.000 debit, Unearned Revenue 36.000 credit

Cash 36.000 debit, Advance Payments 36.000 credit

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