Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers

If a newspaper company receives an annual subscription payment prior to delivering any papers, what is the initial accounting entry?

Debit Cash; Credit Retained Earnings
Debit Accounts Receivable; Credit Subscription Revenue
Debit Cash; Credit Unearned Subscription Revenue
Debit Accounts Receivable; Credit Cost of Goods Sold
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