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ABC Company has a $7,500 account receivable from one of its customers. When ABC receives $5,800 from the customer as partial payment Select one a
ABC Company has a $7,500 account receivable from one of its customers. When ABC receives $5,800 from the customer as partial payment Select one a ABC should credit Accounts Receivable for $7.500 D.ABC should debit Accounts Receivable for $5,800 CABC should credit Accounts Receivable for $5.800 d ABC should credit cash for $5,800 ABC Company renders services for $8,000 for cash To record this transaction Select one a Service Revenue is debited for SB,000 and Cash is credited for $8.000 b. Cath in debited for $8,000 and Service Revenue is credited $8.000 Accounts Receivable is debited for $8,000 and Service Revenue is credited for $8,000 d Service Revenue is debited for $8,000 and Accounts Receivable is credited for $8.000 On July 2. ABC Company provided services and billed customers. $4,350. On July 12 ABC Company collected the entire amount billed to customers on July 2 In the journal entry to record the transaction on July 12, Aec Company should Select one a. Debit Accounts Receivable for $4,350 and credit Service Revenue for $4,350 b. Debit Cash for $3,450 and credit Accounts Receivable for $3,450 c Debit Cash for $4350 and credit Accounts Receivable for $4350 d Debit Accounts Receivable for $3.450 and credit Service Revenue for $3450
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