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On November 30, 2019, Tate Company collected cash of $4,500 for services to be performed for the customer evenly over the next three months beginning

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On November 30, 2019, Tate Company collected cash of $4,500 for services to be performed for the customer evenly over the next three months beginning December 1, 2019. The most appropriate journal entry to record this transaction on November 30th is debit Cash and credit Prepaid Service Revenue for $4,500 debit Cash and credit Unearned Revenue for $4,500. debit Unearned Revenue and credit Cash for $4,500. debit Cash and credit Service Revenue for $4.500

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