To record income of $5,700 received in advance of services being performed. Please select the correct journal entry for it Dr O Dr Dr Dr Cr Cr Expenses Cash Cash Cr Cash Revenue (p&l) Revenue (p&l) 5,700 Cash 5,700 Cr Revenue received in advance (b/s) 5,700 5,700 5,700 5,700 5,700 5,700
To record income of $5,700 received in advance of services being performed. Please select the correct journal entry for it Dr O Dr Dr Dr Cr Cr Expenses Cash Cash Cr Cash Revenue (p&l) Revenue (p&l) 5,700 Cash 5,700 Cr Revenue received in advance (b/s) 5,700 5,700 5,700 5,700 5,700 5,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:To record income of $5,700 received in advance of services being performed.
Please select the correct journal entry for it
Dr
O Dr
Dr
Dr
Cr
Cr
Expenses
Cash
Cash
Cr
Cash
Revenue (p&l)
Revenue (p&l)
5,700
Cash
5,700
Cr Revenue received in advance (b/s)
5,700
5,700
5,700
5,700
5,700
5,700
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