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Which one of the following accounts would appear in the financial statements if revenue was recognized and recorded before the customer paid for the goods
Which one of the following accounts would appear in the financial statements if revenue was recognized and recorded before the customer paid for the goods and/or services? O a debit to Accounts Receivable O a credit to Accounts Receivable a debit to Unearned Revenue O a credit to Unearned Revenue Which one of the following accounts would have a balance in the general ledger account if revenue was recognized and recorded if a customer pays for the goods before delivery and acceptance? The company's policy for recognizing revenue is after delivery and acceptance. A debit to Accounts Receivable O A credit to Accounts Receivable O A debit to Unearned Revenue O A credit to Unearned Revenue Marcy Sax is a department store that allows customers to use a Marcy Sax credit card, and pay for their purchases over time. Marcy Sax has been in business for many years, and has developed reliable techniques for estimating the uncollectability of customer accounts. Marcy Sax should recognize revenue as payments are received. when the payment received from customers exceeds the cost of the merchandise purchased. O at the time of sale. when the final payment is received
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