Question
Elsa Corporation records a customer's prepayment for future services as revenue upon receipt of the cash . At the end of the current period ,
Elsa Corporation records a customer's prepayment for future services as revenue upon receipt of the cash . At the end of the current period , Elsa has not yet earned the revenue and should record a journal entry to:
a. debit unearned revenue and credit cash
b . debit unearned revenue and credit revenue
c. debit cash and credit unearned revenue
d. debit revenue and credit unearned revenue
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ISO 14010s Environmental Auditing Tools And Techniques For Passing Or Performing Environmental Audits
Authors: W. Lee Kuhre
1st Edition
0133802051, 978-0133802054
