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A business performed $10,400 of services. Their customer paid $3,700 of the amount right away but charged the remaining amount. To record this transaction, the
A business performed $10,400 of services. Their customer paid $3,700 of the amount right away but charged the remaining amount. To record this transaction, the business would:
Debit Cash $3,700 and Debit Accounts Payable $6,700; Credit Fees Income $10,400
Debit Accounts Receivable $10,400 and; Credit Fees Income $10,400
Debit Cash $3,700; Credit Fees Income $3,700
Debit Cash $3,700 and Debit Accounts Receivable $6,700 and Credit Fees Income $10,400
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