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Question 1 (1 point) A business has performed a service but has not yet received payment from the customer. What is the correct journal entry?

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Question 1 (1 point) A business has performed a service but has not yet received payment from the customer. What is the correct journal entry? No entry is required. debits Accounts Receivable and credits Service Revenue. debits Service Revenue and credits Accounts Payable. debits Service Revenue and credits Accounts Receivable. Question 2 (1 point) A company can change to a new accounting principle if management can justify that the change will result in less likelihood of clerical errors. higher net income. more relevant information for decision-making. lower net income for tax purposes

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