Golddigger Services, Inc. provides services to clients. On May 1, a client prepaid Golddigger Services...
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Golddigger Services, Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $60,000 for 6-months services in advance. Golddigger Services' general journal entry to record this transaction will include a:
Debit to Unearned Management Fees for $62,000.
Credit to Cash for $62,000.
Credit to Unearned Management Fees for $62,000.
Debit to Management Fees Earned for $62,000.
Credit to Management Fees Earned for $62,000.
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