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Eric owns a heating and cooling company. He routinely inspects a food storage warehouse. Eric is paid a future expense of $299 for replacing a

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Eric owns a heating and cooling company. He routinely inspects a food storage warehouse. Eric is paid a future expense of $299 for replacing a worn belt the next time he inspects the warehouse. Which of the following correctly shows Eric's entry for this transaction? Accounts Title Ref Credit Date 9/19/17 Debit $299 Cash 203 Owner Capital 502 $299 Date Ref Credit Accounts Title Acct Receivable Unearned Revenue Debit $299 9/19/17 203 502 $299 Credit Date 9/19/17 Accounts Title Acct Payable Owner Capital Ref 203 502 Debit $299 $299 Date Accounts Title Credit Ref 203 Debit $299 9/19/17 Cash Unearned Revenue 502 $299

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