Lucent Electrical Repair performs services costing $3,000 on January 12 and invoices the customer. Lucent receives the $3,000 on January 31. What entry is made on January 31 when the cash was received?
Definitions:
Knitting
The craft or action of creating fabric by interlocking loops of yarn using needles.
Baking
The process of cooking food by dry heat, typically in an oven.
Division Of Labor
Breaking down the production of a good into separate tasks
Smaller Tasks
Refers to actionable items or objectives that are components of a larger project or goal.
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