Tomi See, CPA, has billed her clients for services performed. She subsequently receives payments from her clients. What entry will Tomi make upon receipt of the payments? Debit Accounts Receivable and credit Service Revenue Debit Unearned Service Revenue and credit Service Revenue Debit Cash and credit Accounts Receivable Debit Cash and credit Service Revenue

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Tomi See, CPA, has billed her clients for
services performed. She subsequently
receives payments from her clients. What
entry will Tomi make upon receipt of the
payments?
O Debit Accounts Receivable and
credit Service Revenue
O Debit Unearned Service Revenue
and credit Service Revenue
Debit Cash and credit Accounts
Receivable
O Debit Cash and credit Service
Revenue
Transcribed Image Text:Tomi See, CPA, has billed her clients for services performed. She subsequently receives payments from her clients. What entry will Tomi make upon receipt of the payments? O Debit Accounts Receivable and credit Service Revenue O Debit Unearned Service Revenue and credit Service Revenue Debit Cash and credit Accounts Receivable O Debit Cash and credit Service Revenue
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