When an Unearned Revenue Is Initially Recorded as a Liability

question 73

Multiple Choice

When an unearned revenue is initially recorded as a liability, the adjusting entry includes ________.

• A) a credit to a liability
• B) a credit to a revenue
• C) a debit to a revenue
• D) a debit to an expense

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Definitions:

Satisfactions of Leaders

The fulfillment or gratification that leaders derive from accomplishing goals, influencing others, or fulfilling their role.

Elizabeth I, Napoleon

Historical figures known for their leadership and impact on their respective nations and beyond.

Pelvic Girdle

The ring of bones in the lower part of the torso, composed of the hip bones that support the spinal column and connect the skeleton of the leg.

Pelvic Cavity

A body cavity that is bounded by the bones of the pelvis and contains reproductive organs, the urinary bladder, and the rectum.