Which of the following is the entry to be recorded by a law firm when it receives
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Which of the following is the entry to be recorded by a law firm when it receives a retainer from a new client at the initial client meeting?
a. debit to Accounts Receivable; credit to Sales Revenue
b. debit to Unearned Revenue; credit to Sales Revenue
c. debit to Cash; credit to Unearned Revenue
d. debit to Unearned Revenue; credit to Cash
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Related Book For
Financial Accounting
ISBN: 9780073208145
5th Edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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