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 12 when services were rendered?
Definitions:
Private Debt
Debt financing obtained from private sources rather than through a public market, often used by companies for growth or as an alternative to bank loans.
Financial Strength
A measure of a company or individual's ability to manage their debts and meet financial obligations.
Canada
A country in North America known for its vast landscapes, multicultural heritage, and strong economy.
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