subject
Business, 26.02.2020 04:58 AM28

A company receives payment from one of its customers on August 5 for services performed on July 21.

Which of the following entries would be recorded if the company uses accrual basis accounting?

A

Cash

1000

Accounts Receivable

1,000

B

Accounts Payable

1000

Cash

1,000

C

Cash

1000

Service Revenue

1,000

D

Service Revenue

1000

Cash

1,000

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Answers: 2

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