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Two sisters operate a bed and breakfast on the coast of Maine. As customers make reservations they are required to pay cash in advance equal
Two sisters operate a bed and breakfast on the coast of Maine. As customers make reservations they are required to pay cash in advance equal to one-half of the rate for their stay. How should the sisters record the cash received as reservations are made? Increase Cash and Unearned Service Revenue. Decrease Unearned Service Revenue and increase Service Revenue. O Increase Cash and Service Revenue. Increase Cash and Sales Revenue
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