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On February 1st, your accrual based company incurs $500.00 for services. On February 25th, your company pays $300.00 towards the services and then, on March
On February 1st, your accrual based company incurs $500.00 for services. On February 25th, your company pays $300.00 towards the services and then, on March 5th, pays the $200.00 balance. How is the $200.00 payment made in March recorded? a.Cash DR $200.00 and Accounts Receivable CR $200.00 b.Accounts Payable DR $200.00 and Cash CR $200.00 c.ervice Expense DR $500.00, Accounts Payable CR $300.00, and Cash CR $200.00 d.Service Expense DR $200.00 and Cash CR $200.00
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