Claire Spa receives a check for $250 for services previously rendered on account.How would Claire Spa record this transaction?
A) Cash increases by $250 and Spa Services Revenue increases by $250.
B) Accounts Receivable increases by $250 and Spa Services Revenue increases by $250.
C) Cash increases by $250 and Spa Services Revenue decreases by $250.
D) Cash increases by $250 and Accounts Receivable increases by $250.
E) Cash increases by $250 and Accounts Receivable decreases by $250.
Correct Answer:
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