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Problem #1 of 21 Barry Company received $14,000 full payment in advance for services that are 60% complete at the end of the period. The

Problem #1 of 21\ Barry Company received

$14,000

full payment in advance for services that are

60%

complete at the end of the period. The adjusting entry will\ 1\ a. debit Cash for

$8,400

and credit Fees Earned for

$8,400

.\ b. debit Unearned Revenue for

$14,000

and credit Fees Earned for

$14,000

.\ c. debit Fees Earned for

$8,400

and credit Unearned Revenue for

$8,400

.\ d. debit Unearned Revenue for

$8,400

and credit Fees Earned for

$8,400

.

image text in transcribed
Barry Company received $14,000 full payment in advance for services that are 60% complete at the end of the period. The adjusting entry will a. debit Cash for $8,400 and credit Fees Earned for $8,400. b. debit Unearned Revenue for $14,000 and credit Fees Earned for $14,000. c. debit Fees Earned for $8,400 and credit Unearned Revenue for $8,400. d. debit Unearned Revenue for $8,400 and credit Fees Earned for $8,400

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