Multiple Choice
C.Credit Inc.has billed its clients for services performed in October.In November, the company receives payments from the clients.What entry will it make upon receipt of the payments?
A) debit Deferred Revenue and credit Service Revenue
B) debit Cash and credit Accounts Receivable
C) debit Accounts Receivable and credit Service Revenue
D) debit Cash and credit Service Revenue
Correct Answer:
Verified
Correct Answer:
Verified
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