Question
Which of the following accounting entries would you MOST expect to accompany a $2,500 increase in cash, and why? Select answer from the options below
Which of the following accounting entries would you MOST expect to accompany a $2,500 increase in cash, and why?\ Select answer from the options below\ A $2,500 decrease in unearned service revenue, because unearned service revenue is considered an asset no matter when it is received.\ A $2,500 increase in unearned service revenue, because unearned service revenue is considered a liability until the service is actually performed.\ A $2,500 decrease in notes payable, because this reduction in liabilities would need to be offset by a corresponding increase in assets.\ A $2,500 increase in notes payable, because this increase in stockholders equity would need to be offset by a corresponding increase in assets.
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