Answered

Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Providing services to customers for $1,000 on account is recorded as: Multiple Choice Debit Accounts Receivable $1,000, credit Service Revenue $1,000. Debit Service Revenue $1,000, credit Cash $1,000. Debit Cash $1,000, credit Accounts Receivable $1,000. Debit Service Revenue $1,000, credit Accounts Receivable $1,000.

Sagot :

tutorAnne

Answer: Debit Accounts Receivable $1,000, credit Service Revenue $1,000--A

Explanation:

When services are provided  to customers for cash directly, The account to record  is to debit from Cash and credit Service Revenue but when services are provided on account,  The journal to record includes a debit to Accounts Receivable and Credit to Service Revenue

Therefore

Providing services to customers for $1,000 on account is recorded as:

Accounts titles                                   Debit               Credit

Accounts Receivable                      $1,000

Service Revenue                                                       $1,000

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.