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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
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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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