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The following comments each relate to the recording of journal entries. 1 point Which statement is true? A) For any given journal entry, debits must

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The following comments each relate to the recording of journal entries. 1 point Which statement is true? A) For any given journal entry, debits must exceed credits. B) It is customary to record credits on the left and debits on the right. C) The chart of accounts reveals the amount to debit and credit to the affected accounts D) Journalization is the process of converting transactions and events into debit/credit format. The proper journal entry to record Sunny Co's clients on credit for $500 of services provided is: A) Cash: 500 Accounts Receivable: 500 B) Accounts Receivable: 500 Service Revenue: 500 C) Accounts Receivable: 500 Capital stock: 500 D) Cash: 500 Service Revenue: 500 A B C D

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