Grossing Inc

question 189

Multiple Choice

Grossing Inc.receives $10,000 in advance this month for work to be performed next month.This month,the company should record a journal entry that includes a debit to:

• A) Cash and a credit to Service Revenue for $10,000.
• B) Cash and a credit to Unearned Revenue for $10,000.
• C) Cash and a credit to Accounts Receivable for $10,000.
• D) Prepaid Services and a credit to Cash for $10,000.

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