Question: trur or false Gallery Corp. performs 20 days' work on a 30-day contract. The total contract is valued at $6,000. The adjusting entry of $4,000

trur or false trur or false Gallery Corp. performs 20 days' work on a 30-day

Gallery Corp. performs 20 days' work on a 30-day contract. The total contract is valued at $6,000. The adjusting entry of $4,000 includes a credit to unearned revenue. True False Question 8 (1 point) An adjusting entry can only affect income statement accounts. True False Question 9 (1 point) The entry to record a cash receipt from a customer when the service to be provided to earn the cash has not yet been performed involves a debit to an unearned revenue account. True

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