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On May 1, 2020 Bee Advertising Company received $2,500 from Julie Cee for advertising services to be completed by April 30, 2021 Assume the receipt
On May 1, 2020 Bee Advertising Company received $2,500 from Julie Cee for advertising services to be completed by April 30, 2021 Assume the receipt was recorded as uneared revenue and that at December 31, 2020, $1,000 of the fees had been earned. The adjusting entry prepared by Bee on December 31, 2020, should include O a. A credit to Revenue for $1,000 O b. Adebit to Revenue for $500 O c A debit to Uneamed Revenue for $500 d. A debit to Revenue for $1,000 O e Acredit to Unearned Revenue for $500 A
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