On January 16, 2023, a company created a services company, a firm providing art services for advertisers. On January 27, The service company. billed its customers $950 for services rendered. When the service company recorded these billings:

None of the listed choices are correct

The Cash account increased by $950, and the Accounts Receivable account increased by $950.

The Accounts Payable account increased by $950, and the Service Revenue account increased by $950.

The Accounts Payable account decreased by $950, and the Accounts Receivable account increased by $950.

The Accounts Payable account increased by $950, and the Accounts Receivable account decreased by $950.

The Accounts Receivable account increased by $950, and the Service Revenue account increased by $950.

The Accounts Receivable account decreased by $950, and the Service Revenue account increased by $950.