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When a customer is paying the company part of the amount owed for prior services rendered, what is the debit and what is the credit?
When a customer is paying the company part of the amount owed for prior services rendered, what is the debit and what is the credit?
a) Debit revenue, credit cash
b)Debit cash, credit accounts payable
c)Debit cash, credit accounts receivable
When services are rendered and the clients are being billed for later payment to the company, what is debited and what is credited?
a)Debit accounts payable, Credit revenue
b)Debit accounts receivable, credit revenue
c)Debit cash, credit accounts payable
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