Which of the Following Journal Entries Would Be Recorded If $$\begin{array} { | c | r | r | } \hline \text { Service Revenue } & 900 & \\\hline \text { Cash } & & 900 \\\hline\end{array}$$

question 77

Multiple Choice

Which of the following journal entries would be recorded if a business renders service and receives cash of $900 from the customer?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Service Revenue } & 900 & \\
• \hline \text { Cash } & & 900 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Service Revenue } & 900 & \\
• \hline \text { Accounts Payable } & & 900 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Cash } & 900 & \\
• \hline \text { Service Revenue } & & 900 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Service Revenue } & 900 & \\
• \hline \text { Accounts Receivable } & & 900 \\
• \hline
• \end{array}\]

---

Definitions:

Acquirer

A company or individual that purchases another company, typically in the context of mergers and acquisitions.

Voting Shares

Shares that give the shareholder voting rights in company decisions, typically one vote per share.

Consolidated Financial Statements

Combined financial reporting documents that present the overall financial status of a parent company and its subsidiaries as a single entity.

Voting Rights

The rights of shareholders to vote on company matters, such as electing directors or approving major corporate actions.