Question: D Question 25 Indicate how the following transaction should be recorded: Collected $300 in advance from customers. Increase Cash, $300; Decrease Unearned Revenue, $300.

D Question 25 Indicate how the following transaction should be recorded: Collected

D Question 25 Indicate how the following transaction should be recorded: Collected $300 in advance from customers. Increase Cash, $300; Decrease Unearned Revenue, $300. Increase Cash, $300; Increase Unearned Revenue, $300. Increase Cash, $300; Increase Retained Earnings with Revenue, $300. Increase Cash, $300; Increase Accounts Receivable, $300.

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