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  3. Study Set
    Accounting Study Set 2
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    Exam 2: Recording Business Transactions
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    In a Previous Month, the Business Rendered Services of $5,000
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In a Previous Month, the Business Rendered Services of $5,000

Question 140

Question 140

Essay

In a previous month, the business rendered services of $5,000 to a client on account. Now the business receives $5,000 cash from the client. Please provide the journal entry (debits first, credits second.)
In a previous month, the business rendered services of $5,000 to a client on account. Now the business receives $5,000 cash from the client. Please provide the journal entry (debits first, credits second.)

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