Eric owns a heating and cooling company. He routinely inspects a food storage warehouse. Eric is paid a future expense of $299 for replacing a worn belt the next time he inspects the warehouse. Which of the following correctly shows Eric's entry for this transaction?
a. Acct Receivable $299
Unearned Revenue $299
b. Acct Payable $299
Owner Capital $299
c. Cash $299
Owner Capital $299
d. Cash $299
Unearned Revenue $299
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Eric owns a heating and cooling company. He routinely inspects a food storage warehouse. Eric is pai...
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