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If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are performed

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If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are performed will be: O debit Unearnservice Revenue and credit Service Revenue. debit Unearned Service Revenue and credit Cash. debit Unearned Service Revenue and credit Accounts Receivable. O debit Unearned Service Revenue and credit Prepaid Expense

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