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When a seller to satisfies a performance obligation for a transaction where a customer deposit was received in advance, the journal entry would inlcude: A
When a seller to satisfies a performance obligation for a transaction where a customer deposit was received in advance, the journal entry would inlcude:
A debit to an asset and a credit to a revenue account.
A debit to a revenue and a credit to an asset account.
A debit to a revenue and a credit to a liability account.
A debit to a liability and a credit to a revenue account.
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