Barry Company received $8,000 full payment in advance for services that are 60% complete at...
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Accounting
Barry Company received $8,000 full payment in advance for services that are 60% complete at the end of the period. The adjusting entry wil a. debit Service Revenue for $4,800 and credit Unearned Revenue for $4,800. b. debit Cash for $4,800 and credit Service Revenue for $4,800. c. debit Unearned Revenue for $4,800 and credit Service Revenue for $4,800. d. debit Unearned Revenue for $8,000 and credit Service Revenue for $8,000
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