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On August 19, 20X6, ABC Co. completed services for a client for which the client had paid ABC Co. $75,000 in advance on July 10,

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On August 19, 20X6, ABC Co. completed services for a client for which the client had paid ABC Co. $75,000 in advance on July 10, 20X6. Using accrual accounting, the August 19, 20X6 entry is: Debit: Cash...... -75,000 Credit: Uneamed service fees revenue 75,000 75,000 Debit: Cash... Credit: Service fees revenus . .75,000 Debit: Unearned service fees revenue 75.000 c. Credit Service tes revenue 75.000 Debit Unnarned services revenue Credit: Accounts receivable 75.000 d 75.000

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