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A liability created by the receipt of cash from customers in payment for products or services that have not yet been delivered to the customers
A liability created by the receipt of cash from customers in payment for products or services that have not yet been delivered to the customers is:
.
a | Recorded as a credit to an unearned revenue account. |
b | Recorded as a credit to a prepaid expense account. |
c | Recorded as a debit to an unearned revenue account |
d | Recorded as a debit to a prepaid expense account. |
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