Describe the impact on the financial statements

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Reference no: EM13752006

Zeppelin Company received cash during January for services to be provided in February. Which of the following statements does not accurately describe the impact on the financial statements when Zeppelin provides the services during February?

Unearned revenues decreased and were debited.

Revenues increased and were credited.

Stockholders' equity will increase.

Total assets will increase.

Reference no: EM13752006

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