Which of the Following Entries Records the Billing of Service

question 158

Multiple Choice

Which of the following entries records the billing of service revenue performed on account for $5,400?

• A)debit to service revenue and a credit to accounts receivable for $5,400
• B)debit to accounts payable and a credit to service revenue for $5,400
• C)debit to accounts receivable and a credit to the owner's capital for $5,400
• D)debit to accounts receivable and a credit to service revenue for $5,400

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Definitions:

Paper Mill

A paper mill is a factory dedicated to producing paper and cardboard from wood pulp and other raw materials.

Book Publishing

The process of producing and disseminating literature or information—the activity of making information available to the general public.

Horizontal Integration

A business strategy where a company acquires or merges with other companies in the same industry at the same stage of production, to increase market share and reduce competition.

Warner Music Group

Warner Music Group is a major global music company involved in the recording, publishing, and distribution of music across a wide variety of genres.