Cash of $100 received at the time the service was provided was journalized and posted as a

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Cash of $100 received at the time the service was provided was journalized and posted as a debit to Cash $100 and a credit to Accounts Receivable $100.

Assuming the incorrect entry is not reversed, the correcting entry is:

(a) debit Service Revenue $100 and credit Accounts Receivable $100.

(b) debit Accounts Receivable $100 and credit Service Revenue $100.

(c) debit Cash $100 and credit Service Revenue $100.

(d) debit Accounts Receivable $100 and credit Cash $100.

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Financial And Managerial Accounting

ISBN: 9781118004234

1st Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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Question Posted: Feb 08, 2024 03:00 AM

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Cash of $100 received at the time the service was provided was journalized and posted as a

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Financial And Managerial Accounting

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