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Question 18 (1 point) Jackson Tucker has a large consulting practice. New clients are required to pay one-half of the consulting fees up front.

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Question 18 (1 point) Jackson Tucker has a large consulting practice. New clients are required to pay one-half of the consulting fees up front. The balance is paid at the conclusion of the consultation. Dillion Paiva, a new client, paid $15,000 on August 1 and another $15,000 on completiton of the engagement on Sept 1. Use the following tabular analysis to record the receipt of $15,000 on Sept 1 Assets Liabilities Accounts Cash + Receivable Accounts Unearned Payable Revenue Common Stock + Stockholders' Equity Retained Eamings Rev. Exp Ov Sept 1 Increase Cash $15,000 and decrease Unearned Revenue $15,000. Increase Cash $15,000, decrease Unearned Revenue $15,000 and increase Service Revenue $30,000. Increase Service Revenue $15,000 and decrease Unearned Revenue $15,000. Increase Cash $15,000, decrease Unearned Revenue $15,000 and increase Service Revenue $15,000.

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