Jane Richards, CPA, has invoiced her clients for services performed. She subsequently receives payments from her clients. What entry will she make upon receipt of payment?

Question

Answer

Debit Accounts receivable;  Credit Service revenue

Answer

Debit Cash;  Credit Service revenue

Answer

Debit Revenue received in advance;   Credit Service revenue

Answer

Debit Cash;  Credit Accounts receivable

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Jane Richards, CPA, has invoiced her clients for services performed. She subsequ...

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