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;Service Revenue - Credit
B) Service Revenue - Debit;Accounts Payable - Credit.
C) Service Revenue - Debit;Accounts Receivable - Credit
D) No entry is required until the cash is received.
Correct Answer:
Verified
Correct Answer:
Verified
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