During january services totaling 1500 were performed on, Ask an Expert

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During January, services totaling $1,500 were performed on account for a customer. The company collected that $1,500 from the customer in March. The journal entry to record the receipt of cash from the customer is recorded with a debit to: Cash and a credit to Accounts Receivable. Cash and a credit to Accounts Payable. Cash and a credit to Revenue. Purchases and a credit to Cash.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92369624

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