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Can you answer that for me and explain why? 12. A company earns $40,000 by providing services in the current period for cash that was

Can you answer that for me and explain why?image text in transcribed

12. A company earns $40,000 by providing services in the current period for cash that was received in a prior period. In posting this transaction to the T-accounts, which of the following will be required? | Post $40,000 on the left side of the Cash T-account. Post $40,000 on the left side of the Deferred Revenue T-account. Post $40,000 on the right side of the Deferred Revenue T-account. Post $40,000 on the right side of the Cash T-account. None of the choices are correct. E

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