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14. X. Co. receives cash in the amount of $1000 for services rendered on account. Which of the following journal entries correctly presents how to

14. X. Co. receives cash in the amount of $1000 for services rendered on account. Which of the following journal entries correctly presents how to record this transaction?

A. Debit cash $1000 credit owners equity $1000

B. Debit cash $1000 credit AR $1000

C. Debit cash $1000 credit AP $1000

D. Debit cash $1000 credit sales $1000

E. Debit sales $1000 credit sales $1000

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