Chapter 2, Problem 41P

I am looking for a reliable way to solve this financial accounting problem using accurate principles.

What type of account is 'Unearned Revenue'?A) AssetB) LiabilityC) EquityD) Revenue

K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $47,200 of personal cash to the partnership. Rosen owns land worth $19,200 and a small building worth $79,600, which she transfers to the partnership. Toso transfers to the partnership cash of $13,800, accounts receivable of $36,400, and equipment worth $16,200. The partnership expects to collect $32,760 of the accounts receivable.