The Journal Entry to Record the Receivable from Performing a Service

question 138

Multiple Choice

The journal entry to record the receivable from performing a service on account is:

• A)debit notes receivable, credit service revenue.
• B)debit notes receivable, credit cash.
• C)debit service revenue, credit accounts receivable.
• D)debit accounts receivable, credit service revenue.

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Definitions:

SSR

The sum of squared deviations of predicted values from the mean of observed values in regression analysis.

Coefficient Of Determination

A statistical measure, often denoted as R², that indicates the proportion of variance in the dependent variable predictable from the independent variable(s).

Coefficient Of Determination

A statistical measure, often denoted as R^2, that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

SSE

Sum of Squared Errors, which measures the total deviation of response values from the fit values in statistical models.