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When a Company Has Performed a Service but Has Not

Question 78

Multiple Choice

When a company has performed a service but has not yet received payment,what is the required journal entry to be recorded?


A) Accounts Receivable - Debit;Service Revenue - Credit
B) Service Revenue - Debit;Accounts Payable - Credit.
C) Service Revenue - Debit;Accounts Receivable - Credit
D) No entry is required until the cash is received.

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