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On July 7, 2020, ABC Corporation received cash of 51.400 for services performed on that date. The entry to record this transaction will include a,

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On July 7, 2020, ABC Corporation received cash of 51.400 for services performed on that date. The entry to record this transaction will include a, a credit to Retained Earnings of 31.400. Oba credit to Cash of $1.400. Oc a debit to Service Revenue of 51,400, D.d. a credit to Service Revenue of $1.400

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