Question
Which of the following is the entry to be recorded by a firm when it receives a 6,000 payment in advance from a client? a.
Which of the following is the entry to be recorded by a firm when it receives a 6,000 payment in advance from a client?
a. Debit to accounts receivable 6,000, credit to revenues 6,000
b. Debit to cash 6,000, credit to revenues 6,000
c. Debit to cash 6,000, credit to unearned revenues 6,000
d. Debit to unearned revenues 6,000, credit to cash 6,000
e. Debit to unearned revenues 6,000, credit to revenues 6,000
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The Auditors Guide Of 1869 A Review And Computer Enhancement Of Recently Discovered Old Microfilm Of Americas First Book On Auditing By H J Mettenheimer
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534622, 978-0367534622
