Upon receiving the cash, Martin mentioned that he would have to record the transaction as a…


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Upon receiving the cash, Martin mentioned that he would have to record the transaction as a… 1 answer below » Unearned revenue defined as a liability Martin Gantt received $600 in advance for tutoring fees when he agreed to help Josh Smith with his introductory accounting course. Upon receiving the cash, Martin mentioned that he would have to record the transaction as a liability on his books. Smith asked, Why a liability? You don’t owe me any money, do you?” Required Respond to Smith’s question regarding Gantt’s liability. Jul 24 2014 07:51 AM

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