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Question(s) / Instruction(s):

A liability created by the receipt of cash from customers in payment for products or services that have not yet been delivered to the customers is:

a)            Recorded as a debit to an unearned revenue account

b)            Recorded as a debit to a prepaid expense account

c)            Recorded as a credit to an unearned revenue account

d)            Recorded as a credit to a prepaid expense account

e)            Not recorded in the accounting records until the earnings process is complete

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