The entry to record $500 received from a customer for services provided to that customer today would be:

Question

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Each entry in an accounting system should have a unique identifier, which is the first part of each choice (11ecef96_4...). The second part (42e7_...) is also unique and represents the transaction ID. The third part (TB4002_11) indicates the account code. Option B is the only one that references receiving $500 from a customer for services provided, which should be recorded as a credit to the revenue account and a debit to the accounts receivable account.

The Entry to Record $500 Received from a Customer for Services