Answered: Aliability created for receiving cash…

Aliability created for receiving cash for future services to be provided is termed a(n) O service revenue. O estimated warranty payable. Ounearned revenue. O accrued liability.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter14: Adjustments For A Merchandising Business

Section: Chapter Questions

Problem 3TF: The cash received in advance before delivering a product or performing a service is called unearned...

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. Aliability created for receiving cash for future services to be provided is termed a(n)
O service revenue.
Oestimated warranty payable.
Ounearned revenue.
O accrued liability.

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