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MC Qu. 123 If a company receives payment when it ... If a company receives payment when it provides a service: (a) more than one

MC Qu. 123 If a company receives payment when it ...

If a company receives payment when it provides a service:

(a) more than one journal entry is always needed.

(b)cash will be credited.

(c)a revenue account will be increased with a debit.

(d)stockholders' equity will increase.

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