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Q55. In October, cash is received in advance of rendering services. Assuming that half of the services have been performed by December 31, the year-end
Q55. In October, cash is received in advance of rendering services. Assuming that half of the services have been performed by December 31, the year-end adjustment would a. decrease Unearned Service Revenue and decrease Cash. b. increase Accounts Receivable and increase Service Revenue. c. increase Cash and increase Service Revenue. d. decrease Unearned Service Revenue and increase Service Revenue.
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