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Intel has a branch that provides consulting practice. New customers are required to pay one - half of the consulting fees up front. The balance
Intel has a branch that provides consulting practice. New customers are required to pay one
half of the consulting fees up front. The balance is paid at the conclusion of the consultation.
How does Intel account for the cash received at the end of the service?
No entry is required.
debit Unearned Service Revenue credit cash
debit cash credit service revenue
debit cash credit Unearned Service Revenue
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