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1, Fleming Corp. provided services on account. The transaction would be recorded with a credit to: Accounts Payable. Service Revenue. Accounts Receivable. 2, A trade
1, Fleming Corp. provided services on account. The transaction would be recorded with a credit to:
Accounts Payable.
Service Revenue.
Accounts Receivable.
2, A trade discount results in:
A contra revenue account being recorded.
A contra asset being recorded.
Customers delaying cash payment.
Revenue being recorded for the discounted price.
Cash.
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