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A Company Receives Payment on August 5 for Services Rendered,two

Question 22

Multiple Choice

A company receives payment on August 5 for services rendered,two weeks earlier,to one of its customers on account.Which of the following entries would be recorded if the company uses accrual basis accounting?


A) A company receives payment on August 5 for services rendered,two weeks earlier,to one of its customers on account.Which of the following entries would be recorded if the company uses accrual basis accounting? A) B) C) D)
B) A company receives payment on August 5 for services rendered,two weeks earlier,to one of its customers on account.Which of the following entries would be recorded if the company uses accrual basis accounting? A) B) C) D)
C) A company receives payment on August 5 for services rendered,two weeks earlier,to one of its customers on account.Which of the following entries would be recorded if the company uses accrual basis accounting? A) B) C) D)
D) A company receives payment on August 5 for services rendered,two weeks earlier,to one of its customers on account.Which of the following entries would be recorded if the company uses accrual basis accounting? A) B) C) D)

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