Multiple Choice
Performing a service for $500 cash and $700 on account would include a:
A) debit to cash for $700.
B) debit to service revenue for $700.
C) credit to service revenue for $1,200.
D) credit to accounts receivable for $700.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q63: The payment of salaries to employees for
Q64: The investment of cash into the business
Q65: Purchasing a truck by signing a note
Q66: Thermo HVAC is a heating and
Q67: Table 2-1<br>The following is a list
Q69: The journal entry to record the payment
Q70: Purchasing supplies and office equipment for cash
Q71: Journalizing is the process of copying information
Q73: Which of the following journal entries
Q163: The normal balance of a revenue account