On July 3,the ABC Company received $865 in cash on account from customers.The correct journal entry is
A) debit Cash,$865;credit Income from Services,$865
B) debit Cash,$865;credit Accounts Payable,$865
C) debit Accounts Receivable,$865;credit Cash,$865
D) debit Cash,$865;credit Accounts Receivable,$865
Correct Answer:
Verified
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