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Of the Following Journal Entries Would Be Recorded If a Business

Question 36

Multiple Choice

of the following journal entries would be recorded if a business received cash of $1,000 on account for services performed at an earlier date?


A)
 Cash 1,000 Service revenue 1,000\begin{array} { | l | l | l | l | } \hline \text { Cash } & & 1,000 & \\\hline & \text { Service revenue } & & 1,000 \\\hline\end{array}
B)
 Accounts receivable 1,000 Service revenue 1,000\begin{array} { | l | l | l | l | } \hline \text { Accounts receivable } & & 1,000 & \\\hline & \text { Service revenue } & & 1,000 \\\hline\end{array}
C)
 Cash 1,000 Accounts receivable 1,000\begin{array} { | l | l | l | l | } \hline \text { Cash } & & 1,000 & \\\hline & \text { Accounts receivable } & & 1,000 \\\hline\end{array}
D)
 Service revenue 1,000 Accounts receivable 1,000\begin{array} { | l | l | l | l | } \hline \text { Service revenue } & & 1,000 & \\\hline & \text { Accounts receivable } & & 1,000 \\\hline\end{array}

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