q44

Save & Exit Creative Catering located in San Antonio provides catering to businesses and or private events. Creative Catering receives a $50,000 cash deposit from a customer on October 15, but will not provide the catering services until November 20. Which of the following statements is true? Multiple Choice The company credits service revenue for $50,000 on October 15. The company debits cash for $50,000 on November 20. The company credits deferred revenue for $50,000 on October 15. The company records nothing on October 15