Performing a service on account would include a:
A)debit to accounts payable.
B)credit to accounts payable.
C)credit to the cash.
D)credit to service revenue.

Question

Quizplus · Accepted Answer

Performing a service on account means the company has earned revenue by providing a service but has not yet received cash payment. This is recorded by crediting the Service Revenue account to recognize the earned revenue.

Performing a Service on Account Would Include A