A Customer Purchased $1,500 of Services on Credit Two Months

Multiple Choice

A customer purchased $1,500 of services on credit two months ago and has just paid the bill. The receipt of the payment from the customer is recorded as a

A) debit to Cash and a credit to Accounts Receivable.
B) debit to Cash and a credit to Accounts Payable.
C) debit to Expenses and a credit to Revenue.
D) debit to Accounts Receivable and a credit to Retained Earnings.