Which of the following journal entries would be recorded if a business performs services and receives cash of $900 from the customer?
A) $\begin{array}{|l|r|r|}
\hline \text { Service Revenue } & 900 \
\hline \text { Cash } &&900 \
\hline
\end{array}$
B) $$\begin{array} { | c | r | r | }
\hline \text { Accounts Receivable } & 900 & \
\hline \text { Service Revenue } & & 900 \
\hline
\end{array}$$
C) $\begin{array}{|l|r|r|}
\hline \text { Cash } & 900 \
\hline \text { Service Revenue } &&900 \
\hline
\end{array}$
D) $$\begin{array} { | l | r | r | }
\hline \text { Service Revenue } & 900 & \
\hline \text { Accounts Receivable } & & 900 \
\hline
\end{array}$$

Question

Which of the following journal entries would be recorded if a business performs services and receives cash of $900 from the customer?
A) $\begin{array}{|l|r|r|}
\hline \text { Service Revenue } & 900 \
\hline \text { Cash } &&900 \
\hline
\end{array}$
B) $$\begin{array} { | c | r | r | } 
\hline \text { Accounts Receivable } & 900 & \
\hline \text { Service Revenue } & & 900 \
\hline
\end{array}$$
C) $\begin{array}{|l|r|r|}
\hline \text { Cash } & 900 \
\hline \text { Service Revenue } &&900 \
\hline
\end{array}$
D) $$\begin{array} { | l | r | r | } 
\hline \text { Service Revenue } & 900 & \
\hline \text { Accounts Receivable } & & 900 \
\hline
\end{array}$$

Quizplus · Accepted Answer

When a business performs services and receives cash immediately, the correct journal entry increases Cash (an asset) and increases Service Revenue (an income statement account). This is reflected in option C, where Cash is debited and Service Revenue is credited by $900.

Which of the Following Journal Entries Would Be Recorded If Service Revenue 900 Cash 900\begin{array}{|l|r|r|}\hline \text { Service Revenue } & 900 \\\hline \text { Cash } &&900 \\\hline\end{array} Service Revenue Cash ​900​900​​

Which of the Following Journal Entries Would Be Recorded If $\begin{array}{|l|r|r|}\hline \text { Service Revenue } & 900 \\\hline \text { Cash } &&900 \\\hline\end{array}$