Ruby Co.s accounting records show a cash balance of $4,200. The October bank statement reports a cash balance of $2,300. The statement also reports bank service fees of $100 and interest earned on the Ruby Co's bank account of $20. Ruby Co. determined there were $1,180 of check outstanding and $3,000 of deposits outstanding. Select the correct journal entry to record the bank service fees of $100 on Ruby Co.s books.

Question 20 options:

	Debit Service Fee Expense $100 Credit Cash $100
	Debit Service Fee Expense $100 Credit Service Revenue $100
	Debit Cash $100 Credit Service Fee Expense $100
	Debit Accounts Receivable $100 Credit Service Revenue $100