n21 Financial securities which can be changed into cash to their book value price are categorised as d Select one: out of a. Short-term Investments O b. Inventories question C. Long-term Investments d. Cash Equivalents 22 ABC Co. performed services for Client Kay in December and billed Kay $4,000 with terms of net 30 days. ABC follows the accrual basis of accounting. In January ABC received the $4,000 from Kay. In January ABC will debit Cash, since cash was received. What account should ABC credit in the January entry? ut of question Select one: a. Owner's Equity b. Credit C. Accounts Receivable d. Service Revenue