When a company delivers a product or service for which a customer has previously paid, the company records the following:

Finance

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When a company delivers a product or service for which a customer has previously paid, the company records the following:

A) A debit to a revenue account and a credit to a liability account.

B) A debit to a revenue account and a credit to an asset account.

C) A debit to an asset account and a credit to a revenue account.

D) A debit to a liability account and a credit to a revenue account.

Answer: D

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