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In January, the Toucan Company accepts a customer's reservation and receives $2,000 as pre-payment for...

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Accounting

In January, the Toucan Company accepts a customer's reservation and receives $2,000 as pre-payment for a week of sun and fun in California during spring break in March. The $2,000 should be recorded during January as: Multiple Choice O O O O debit to service revenue, credit to cash. debit to cash, credit to deferred revenue. debit to cash, credit to service revenue debit to accounts payable, credit to service revenue.

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