Monet Designs Provided Services to a Client on Account

question 130

Multiple Choice

Monet Designs provided services to a client on account. The journal entry would require:

• A)debit to Cash, credit to Service Revenue.
• B)debit to Service Revenue, credit to Accounts Receivable.
• C)debit to Accounts Receivable, credit to Service Revenue.
• D)debit to Service Revenue, credit to Accounts Receivable

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Definitions:

Adjustment Message

Communication designed to inform about alterations in services, policies, or agreements, often aiming to resolve issues or update stakeholders.

Apology

An expression of regret or sorrow for having wronged someone, usually accompanied by an attempt to make amends for the actions.

Claim Message

A communication, often in written form, asserting a right or demand for resolution, typically in business or legal contexts.

Banquet

A large, formal meal for many people, often followed by speeches or entertainment.