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Question 4 9 ( 2 points ) When ABC Company receives money in advance of performing a service, it A ) debits Cash and credits

Question 49(2 points)
When ABC Company receives money in advance of performing a service, it
A) debits Cash and credits Accounts Receivable.
B) debits Unearned Service Revenue and credits Accounts Payable
C) debits Cash and credits Prepaid Insurance.
D) debits Cash and credits Unearned Service Revenue.
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