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At year end, Bijou records an adjusting entry for unearned revenue. a. If the adjusting entry increases liabilities, what journal entry (the account debited and
At year end, Bijou records an adjusting entry for unearned revenue.
a. If the adjusting entry increases liabilities, what journal entry (the account debited and the account credited) was recorded when the cash was received?
b. If the adjusting entry increases revenues, show the journal entry (the account debited and the account credited) that was recorded when the cash was received.
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