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Of the Following Journal Entries Would Be Recorded If a Business

Question 32

Multiple Choice

of the following journal entries would be recorded if a business received cash of $400 immediately after it performed services?


A)
 Service revenue 400 Cash 400\begin{array} { | l | l | l | l | } \hline \text { Service revenue } & & 400 & \\\hline & \text { Cash } & & 400 \\\hline\end{array}
B)
 Service revenue 400 Accounts payable 400\begin{array} { | l | l | l | l | } \hline \text { Service revenue } & & 400 & \\\hline & \text { Accounts payable } & & 400 \\\hline\end{array}
C)
 Cash 400 Service revenue 400\begin{array} { | l | l | l | l | } \hline \text { Cash } & & 400 & \\\hline & \text { Service revenue } & & 400 \\\hline\end{array}
D)
 Service revenue 400 Accounts receivable 400\begin{array} { | l | l | l | l | } \hline \text { Service revenue } & & 400 & \\\hline & \text { Accounts receivable } & & 400 \\\hline\end{array}

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