Accounting Analysis I: The Role of Accounting as an Information System | Online Course Support

Which of the following is the correct journal entry to be made at the end of each period when upfront cash has been received and revenue is being recognized over a period of time?

 

 

Debit

Credit

Deferred Revenue

Sales Revenue

 

Debit

Credit

Cash

Deferred Revenue

 

Debit

Credit

Accounts Receivable

Deferred Revenue

 

Debit

Credit

Cash

Sales Revenue

 
 

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