The proper adjusting entry to record income earned on a contract for which the customer...
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Accounting
The proper adjusting entry to record income earned on a contract for which the customer has previously prepaid in full is:
a.Unearned/deferred revenue xx
Cash xx
b.Cash xx
Unearned/deferred revenue xx
c.Revenue xx
Unearned/deferred revenue xx
d.Unearned/deferred revenue xx
Revenue xx
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