Question: Vick Vickers has a large consulting practice. New clients are required to pay one - half of the consulting fees up front. The balance is

Vick Vickers has a large consulting practice. New clients are required to pay one-half of the consulting fees up front. The balance is paid
at the conclusion of the consultation. How does Vickers account for the cash received at the end of the engagement?
Prepaid Service Fees
Service Revenue
Cash
Unearned Service Revenue
No entry is required when the engagernent is concluded.
Cash
Service Revenue
Vick Vickers has a large consulting practice. New clients are required

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