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Which of the Following Journal Entries Would Be Recorded If  Service revenue 400 Accounts payable 400\begin{array} { | l | r | r | } \hline \text { Service revenue } & 400 & \\\hline \text { Accounts payable } & & 400 \\\hline\end{array}

Question 62

Multiple Choice

Which of the following journal entries would be recorded if a business renders services and receives cash of $400 from the customer?


A)  Service revenue 400 Accounts payable 400\begin{array} { | l | r | r | } \hline \text { Service revenue } & 400 & \\\hline \text { Accounts payable } & & 400 \\\hline\end{array}
B)  Service revenue 400 Accounts receivable 400\begin{array} { | l | r | r | } \hline \text { Service revenue } & 400 & \\\hline \text { Accounts receivable } & & 400 \\\hline\end{array}
C)  Service revenue 400 Cash 400\begin{array} { | l | r | r | } \hline \text { Service revenue } & 400 & \\\hline \text { Cash } & & 400 \\\hline\end{array}
D)  Cash 400 Service revenue 400\begin{array} { | l | r | r | } \hline \text { Cash } & 400 & \\\hline \text { Service revenue } & & 400 \\\hline\end{array}

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