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1. On July 1, 2020, a business provides service for a customer and sent them a bill for $10,000. The journal entry to record this
1. On July 1, 2020, a business provides service for a customer and sent them a bill for $10,000. The journal entry to record this transaction includes a debit to____ and a credit to ____.
a. cash
b. accounts receivable
c. revenue
d. accounts payable
2. On August 1, 2020 a business receives a cash payment for a customer to pay on the customer's account for $20,000. The journal entry would include a debit to ____and a credit to ____.
a. cash
b. accounts receivable
c. revenue
d. accounts payable
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