Which of the following journal entries would be recorded if, Ask an Expert

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Which of the following journal entries would be recorded if a business performed services for $400 cash and $1000 on account?

A. Cash 1400

Account receivable 1000

Service revenue 400

B. Service revenue 1400

Cash 1000

Account payable 400

C. Cash 400

Account receivable 1000

Service Revenue 1400

D. Service Revenue 1000

Cash 400

Account receivable 1400

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91376708

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