Question: On July 7 , 2 0 1 0 , Saints Inc. received $ 1 0 , 0 0 0 in cash from a customer for

On July 7,2010, Saints Inc. received $10,000 in cash from a customer for services to be provided on October 10,2010. Which of the following describes how the transaction should be recorded on July 7,2010?
A.Debit cash $10,000, credit service revenue $10,000.
B.Debit accounts receivable $10,000, credit service revenue $10,000.
C.Debit cash $10,000, credit unearned revenue $10,000.
D.Debit unearned revenue $10,000, credit cash $10,000.

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