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Tabor Hill Design: Record Transactions Using JES Tabor Hill Design entered into the following transactions during 2019. (a) Provide website design services for $40,000. Received
Tabor Hill Design: Record Transactions Using JES Tabor Hill Design entered into the following transactions during 2019. (a) Provide website design services for $40,000. Received cash. (b) Provide website design services to Acme Company, for $20,000 on account. Tabor Hill expects Acme to pay in the future. (c) Collect $18,000 from Acme Company on account. How does Tabor Hill record transaction (a) using a journal entry? Multiple Choice Debit Accounts Receivable) Credit Revenue) Debit Revenue ( ) Credit Cash() Debit Revenue ( ) Credit Accounts Receivable) Debit Cash ( ) Credit Accounts Receivable ( ) Debit Accounts Receivable ( ) Credit Cash ( ) Debit Cash ( ) Credit Revenue ( )
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