Question
In late August, a company provided one of its customers with services worth $500; however, the company does not expect payment from the customer for
In late August, a company provided one of its customers with services worth $500; however, the company does not expect payment from the customer for those services until early September. What adjustment should the company make in August to denote this delivery of services?
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A : The company should increase both Accounts Receivable and Service Revenue for $500.
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B : The company should decrease both Accounts Receivable and Service Revenue for $500.
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C : The company should increase Accounts Receivable for $500 and decrease Service Revenue for $500.
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D : The company should decrease Accounts Receivable for $500 and increase Service Revenue for $500.
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Shopify Dropshipping Guide
Authors: Marcus Rogers
1st Edition
1950788164, 978-1950788163
