QUESTION 26 Which of the following liabilities is created when a company receives cash for services to be provided in the future? A) Unearned Revenue B) Accrued Liability C) Accounts Payable D) Estimated Warranty Payable QUESTION 27 Unearned revenue, for services to be performed in six months, appears on the balance sheet as A) long-term investments B) current liabilities C) current assets D) long-term assets QUESTION 28 On August 31, 2018, Allright Services received $3,500 in advance of performing the service. Which journal entry is needed to record the receipt of cash? A) Debit Unearned Revenue $3,500, and credit Cash $3,500. B) Debit Cash $3,500, and credit Service Revenue $3,500. OC) Debit Unearned Revenue $3,500, and credit Service Revenue $3,500. D) Debit Cash $3,500, and credit Unearned Revenue $3,500