A business performs services for a customer for $26,000 on account.Which of the following accounts is debited?
A) Cash
B) Accounts Receivable
C) Service Revenue
D) Accounts Payable

Question

Quizplus · Accepted Answer

When services are performed and the customer is not paying cash at the time of the transaction, but instead is receiving credit for payment at a later date, the account that is debited is Accounts Receivable. This account represents the amount that the customer owes the business for the services provided.

A Business Performs Services for a Customer for $26,000 on Account.Which