1. The amount of cash owed to a company by its customers from the sale of products or services on account is commonly referred to as: A. Cash. B. Accounts receivable. C. Revenue. D. Accounts payable. 2. Barton Health Services provided care to a patient worth $1,200. Because the patient was over the age of 65, Barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would Barton record the service transaction? A. Cash 960 960 Service Revenue B. Cash 960 Trade Discount 1,200 Service Revenue 1,200 C. Cash 1,200 Service Revenue 1,200 D. Cash 24 Trade Discount 960 Service Revenue