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3. Accrual Accounting Concepts
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Problem 1
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Problem 4
Problem 5
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Problem 14
3. Accrual Accounting Concepts
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3. Accrual Accounting Concepts / Adjusting Entries: Unearned Revenue / Problem 5
Problem 5
A tutoring service receives \$1,500 in advance for 30 hours of tutoring. After 10 hours of tutoring, what is the balance of unearned revenue?
A
\$1,000
B
\$500
C
\$1,500
D
\$0
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