Cash of ($ 100) received at the time the service was rendered was journalized and posted as

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Cash of \(\$ 100\) received at the time the service was rendered was journalized and posted as a debit to Cash \(\$ 100\) and a credit to Accounts Receivable \(\$ 100\). Assuming the incorrect entry is not reversed, the correcting entry is:

a. debit Fees Earned \(\$ 100\) and credit Accounts Receivable \(\$ 100\)

b. debit Cash \(\$ 100\) and credit Fees Earned \(\$ 100\).

c. debit Accounts Receivable \(\$ 100\) and credit Fees Earned \(\$ 100\).

d. debit Accounts Receivable \(\$ 100\) and credit Cash \(\$ 100\).

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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