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On May 1,a Business Rendered Legal Services to a Client

Question 38

Multiple Choice

On May 1,a business rendered legal services to a client and billed the client $2,200.The client promised to pay the business in one week.What journal entry does the business record on May 1?


A) Debit Cash for $2,200 and credit Service Revenue for $2,200.
B) Debit Cash for $2,200 and credit Retained Earnings for $2,200.
C) Debit Accounts Receivable for $2,200 and credit Service Revenue for $2,200.
D) Debit Accounts Payable for $2,200 and credit Cash for $2,200.

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