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It was discovered that the bookkeeper for U Ltd. had recorded a $200 deposit from...

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Accounting

It was discovered that the bookkeeper for U Ltd. had recorded a $200 deposit from a customer for service work to be performed in the future as follows: Dr. Unearned revenue $200; Cr. Cash $200. As a result of this entry
(a) Cash is understated by $200 and Unearned revenue is understated by $200.
(b) Cash is understated by $400 and Unearned revenue is overstated by $400.
(c) Cash is understated by $400 and Unearned revenue is understated by $400
(d) Cash is understated by $200 and Unearned revenue is overstated by $200.
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