Freshwater Ltd recorded the following journal entry on 2 March 2020:
Cash 6000
Unearned revenue 6000
From the journal entry above, identify the transaction on 2 March 2020.
Group of answer choices
Freshwater sold goods for $6000 cash.
Freshwater received $6000 for services to be performed in a later period.
Freshwater purchased goods worth $6000 and signed a one-year bill for the same.
Freshwater paid $6000 for services to be received at a later date.
Freshwater received $6000 for services to be performed in a later period.