Question: 7. When a company performs a service for which payment was received in advance, a journal entry is recorded that will (a) increase revenue and

7. When a company performs a service for which payment was received in advance, a journal entry is recorded that will (a) increase revenue and decrease unearned revenue. (b) decrease revenue and increase unearned revenue. (c) increase cash and increase revenue. (d) increase cash and decrease unearned revenue

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