Multiple Choice
Censing Company collected $5,000 from a customer on account.What journal entry will be prepared by Censing to record this transaction?
A) Debit Cash and credit Accounts Receivable.
B) Debit Cash and credit Service Revenue.
C) Debit Accounts Receivable and credit Service Revenue.
D) Debit Accounts Receivable and credit Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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