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Volcano Inc. received $1,000 cash in advance for work to be performed. How will this transaction affect the accounts? O Service Revenue will increase by
Volcano Inc. received $1,000 cash in advance for work to be performed. How will this transaction affect the accounts? O Service Revenue will increase by $1,000 and Deferred Revenue will decrease by $1,000. O Deferred Revenue will increase by $1,000 and Cash will increase by $1,000. O Cash will decrease by $1,000 and Service Revenue will increase by $1,000. O Cash will increase by $1,000 and Service Revenue will increase by $1,000
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