Lars Richards, CPA, has billed his clients for services performed. He subsequently receives payments from his clients. What entry will he make upon receipt of the payments?
A) Debit Unearned Revenue and credit Service Revenue.
B) Debit Cash and credit Accounts Receivable.
C) Debit Accounts Receivable and credit Service Revenue.
D) Debit Cash and credit Service Revenue.
Correct Answer:
Verified
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