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multiple choice. 14. When a business collected cash of $5,000 for service revenue for clients. a. Debit Cash and Credit AP Debit Service Revenue and

multiple choice.

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14. When a business collected cash of $5,000 for service revenue for clients. a. Debit Cash and Credit AP Debit Service Revenue and Credit Cash c. Debit Cash and Credit Service Revenue d. Debit AR and Credit Service Revenue 15. When business earned $3,500 of service revenue OH account. a. Debit Cash and Credit Service Revenue b. Debit Inventory and Credit Service Revenue c. Debit AP and Credit Service Revenue Debit AR and Credit Service Revenue 16. When a company paid Rent for the Last Month: a. Debit Prepaid Rent and Credit Cash Debit Rent Expense and Credit Cash c. Debit Rent Expense and Credit AP Debit Rent Expense and Credit AR 17. When a company paid Rent for the Next Month: a. Debit Prepaid Rent and Credit Cash Debit Rent Expense and Credit Cash c. Debit Rent Expense and Credit AP Debit Rent Expense and Credit AR

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