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help fast Company XYZ made no adjusting entry for accrued service revenue of $5,000 on December 31. No cash has been received from the customer
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Company XYZ made no adjusting entry for accrued service revenue of $5,000 on December 31. No cash has been received from the customer yet. The entry to record the adjusting entry should have been: O Debit Accounts Receivable, $5,000; credit Service Revenue, $5,000 O Debit Unearned Revenue, $5,000; credit Service Revenue, $5,000 O Debit Service Revenue, $5,000; credit Cash, $5,000 O Debit Service Revenue, $5,000; credit Accounts Receivable, $5,000Step by Step Solution
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