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 Select one a debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490. b debit Cash, $940; credit Accounts Receivable, $940. O C debit Cash, $450 and Service Revenue, $490, credit Accounts Receivable, $940. d. debit Cash. $450 and Accounts Receivable, $490; credit Service Revenue, $940