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Peace earned service revenue of $40,000. Of this amount, $15,000 was received in cash. The balance was on account. The journal entry is: Question
Peace earned service revenue of $40,000. Of this amount, $15,000 was received in cash. The balance was on account. The journal entry is:\ \ Question 4 options:\ \ Dr. Cash 15,000\ \ Dr. Deferred or Unearned revenue 25,000\ \ Cr. Service revenue 40,000\ \ \ Dr. Cash 15,000\ \ Dr. Accounts receivable 25,000\ \ Cr. Service revenue 40,000\ \ \ Dr. Service revenue 40,000\ \ Cr. Cash 15,000\ \ Cr. Accounts receivable 25,000\ \ \ Dr. Cash 15,000\ \ Dr. Accounts receivable 25,000\ \ Cr. Deferred or Unearned revenue 40,000
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