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PRISM Marketing received $100,000 from a customer on January 2 of the current year to be on deposit for the next two years work. The
PRISM Marketing received $100,000 from a customer on January 2 of the current year to be on deposit for the next two years work. The appropriate journal entry to illustrate deferred revenue at PRISM's fiscal year-end on December 31 this year would be ____________. In the choices below, as per convention, debits are listed first followed by credits. Select answer from the options below Service Revenue $50,000 Cash $50,000 Deferred Revenue $50,000 Service Revenue $50,000 Deferred Revenue $50,000 Cash $50,000 Service Revenue $50,000 Deferred Revenue $50,000
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