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Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490

Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting entry is a. debit Cash, $450 and Accounts Recivable, $490; credit Service Revenue, $940. b. debit Cash, $940; credit Accounts Receivable, $940. c. debit Cash, $450 and Service Reveune, $490; credit Accounts Recivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Reveune, $490

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