During January,services totaling $1,500 were performed on account for a customer.The company collected that $1,500 from the customer in March.The journal entry to record the receipt of cash from the customer is recorded with a debit to:
A)Cash and a credit to Accounts Receivable.
B)Cash and a credit to Accounts Payable.
C)Cash and a credit to Revenue.
D)Purchases and a credit to Cash.

Question

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In January,the revenue was recognized when the services were performed and the right to collect the $1,500 from its customer was recorded as an increase to an asset called Accounts Receivable.In March,the journal entry to record the receipt of cash from the customer is recorded with a debit to Cash and a credit to Accounts Receivable.

During January,services Totaling $1,500 Were Performed on Account for a Customer.The