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Bates Corporation recorded the adjusting entry to recognize $4,000 of revenue previously recorded as unearned. Which of the following shows the proper entry using T-accounts?
Socialist Revolution
A radical overhaul of society aiming at the establishment of socialism, typically involving the redistribution of wealth and the end of private ownership of the means of production.
Supreme Court
The highest judicial body in a country, particularly in the United States, which has the final say in interpreting the constitution and laws.
New Deal Laws
A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s, aimed at restoring prosperity during the Great Depression.
Liberty of Contract
The legal principle that allows individuals the freedom to negotiate the terms of their own contracts without excessive government interference.
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