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QUESTION 23 ABC Airlines collects $300 for a roundtrip ticket from Chicago to Los Angeles. The flights will not occur until the next accounting
QUESTION 23 ABC Airlines collects $300 for a roundtrip ticket from Chicago to Los Angeles. The flights will not occur until the next accounting period. How does ABC Airlines record the $300 collected? 01. Debit cash, credit accounts receivable 02. Debit Cash $300, credit service revenue $300 O3 Debit cash credit unearned revenue 04. Debit unearned revenue, credit service revenue
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