Multiple Choice
When a company has performed a service but has not yet received payment, what is the required journal entry to be recorded?
A) Accounts Receivable - Debit; Revenue from Services - Credit
B) Revenue from Services - Debit; Accounts Payable - Credit
C) No entry is required until the cash is received.
D) Revenue from Services - Debit; Accounts Receivable - Credit
Correct Answer:
Verified
Correct Answer:
Verified
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