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Select the Entry That Correctly Records the Receipt by Speedy

Question 38

Multiple Choice

Select the entry that correctly records the receipt by Speedy Window Cleaning of $900 in cash for window cleaning services provided. Ignore GST.


A) DR bank $900; CR income earned $900
B) DR income earned $900; CR bank $900
C) DR bank $900; CR debtors $900
D) DR equity $900; CR income earned $900

Correct Answer:

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