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Question(s) / Instruction(s):

Management Services, Inc. provides services to clients. On May 1, a client prepaid Management Services $60,000 for 6-months contract in advance. Management Services\' general journal entry to record this transaction will include a

a)            Debit to Unearned Management Fees for $60,000

b)            Credit to Management Fees Earned for $60,000

c)            Credit to Cash for $60,000

d)            Credit to Unearned Management Fees for $60,000

e)            Debit to Management Fees Earned for $60,000

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