Question
When a company has performed a service but has not yet received payment, it makes no entry until the cash is received. debits accounts receivable
When a company has performed a service but has not yet received payment, it
makes no entry until the cash is received.
debits accounts receivable and credits service revenue.
debits revenue from services and credits accounts receivable.
debits revenue from services and credits accounts payable.
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
978-0078025679
