ABC Co. received $5,000 in December for services it will perform in the following month. In...
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ABC Co. received $5,000 in December for services it will perform in the following month. In December ABC debited Cash for $5.000. What will be the other account involved in the December accounting entry prepared by ABC (and what type of account is t O a Service Revenues (revenue) O b. Uneamed Revenues (lablity c. Prepaid Services (asset) Od. Accounts Receivable (asset) Clear my choice ABC Co. received $5,000 in December for services it will perform in the following month. In December ABC debited Cash for $5.000. What will be the other account involved in the December accounting entry prepared by ABC (and what type of account is t O a Service Revenues (revenue) O b. Uneamed Revenues (lablity c. Prepaid Services (asset) Od. Accounts Receivable (asset) Clear my choice
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Answer Pg In this case cash has been received but services has not been deli... View the full answer
Related Book For
Andersons Business Law and the Legal Environment
ISBN: 978-1133587583
22nd edition
Authors: David P. Twomey, Marianne M. Jennings
Posted Date:
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