NIZWA company has the following transaction: Date Transaction May 1 Provided services for OMR 3,000 on account for a customer 4 Paid office rent in advance for 6 months, OMR 1,000 cash Received OMR 500 cash from customers billed on May 1 9 Received OMR 550 on service will be completed by December ho Paid OMR 400 in cash dividends The Journal Entry for May. 7 should be: Select one: O A. DEBIT Cash OMR 500 and CREDIT Service Revenue OMR 500 O B. DEBIT Cash OMR 500 and CREDIT Accounts Receivable OMR 500 O C. DEBIT Accounts Receivable OMR OMR 500 and CREDIT Service Revenue OMR 500 D. DEBIT Accounts Receivable OMR 500 and CREDIT Cash OMR 500 O E. None of the answers are correct