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Maryland Vacations has a $2,200 account receivable from the Miami Kiwanis. On March 11, the Kiwanis makes a partial payment of $1,050 to Maryland. The

Maryland Vacations has a $2,200 account receivable from the Miami Kiwanis. On March 11, the Kiwanis makes a partial payment of $1,050 to Maryland. The journal entry made on March 11 by Maryland to record this transaction includes:

a. an increase in the Service Revenue account of $1,050.
b. a decrease in the Accounts Receivable account of $1,050.
c. an increase in the Accounts Receivable account of $1,150.
d. an increase in the Cash account of $1,150.

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