Interpret the following journal entry: Cash 3,000 Unearned revenue 3,000 O a. A company borrowed $3,000 from a bank. O b.A company purchased services from another company. O C. A company received $3,000 from a customer for future services O d. A company sold $3,000 of services to a customer

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 24
QUESTION 24
Interpret the following journal entry:
Cash
3,000
Unearned revenue
3,000
O a. A company borrowed $3,000 from a bank.
O b.A company purchased services from another company.
O C. A company received $3,000 from a customer for future services
O d. A company sold $3,000 of services to a customer
t for $500. What ca
Transcribed Image Text:QUESTION 24 Interpret the following journal entry: Cash 3,000 Unearned revenue 3,000 O a. A company borrowed $3,000 from a bank. O b.A company purchased services from another company. O C. A company received $3,000 from a customer for future services O d. A company sold $3,000 of services to a customer t for $500. What ca
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