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You are recording a $1,000.00 deposit. The $1,000.00 is payment for the following: $700.00 rental income and $300.00 security deposit (liability). What would the entry

You are recording a $1,000.00 deposit. The $1,000.00 is payment for the following: $700.00 rental income and $300.00 security deposit (liability). What would the entry be to post to the general ledger? A. Credit cash, debit income and debit security deposit liability B. Credit cash, credit income and debit security deposit liability C. Debit cash, debit income and credit security deposit liability D. Debit cash, credit income and credit security deposit liability E. None of the above

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