Question: 00 When a company performs a service for which payment was received in advance, a journal entry is recorded that will decrease revenue and

00 When a company performs a service for which payment was received

00 When a company performs a service for which payment was received in advance, a journal entry is recorded that will decrease revenue and increase deferred revenue. increase revenue and decrease deferred revenue. increase cash and decrease deferred revenue. increase cash and increase revenue.

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