A company receives payment from one of its customers on August 5 for services performed on July 21. Which of the following entries would be recorded if the company uses accrual basis accounting?
A)
Cash 1,000
Accounts Receivable 1,000
B)
Salaries Expense 1,000
Cash 1,000
C)
Cash 1,000
Service Revenue 1,000
D)
Supplies 1,000
Cash 1,000
A
Business
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