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Which of the following describes unearned revenues? The accounts payable totals $9,500 $3,500 paid to a company for services it will provide next week $1,500

Which of the following describes unearned revenues?

  • The accounts payable totals $9,500
  • $3,500 paid to a company for services it will provide next week
  • $1,500 in sales tax collected
  • $45,000 in total payroll owed to employees on May 1

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