Homework Answers
Increase in assets is debited and hence accounts receivable will be debited and increase in revenue is credited and hence service revenue will be credited.
| Accounts Receivable | |||
| Service revenue | 2,500 | ||
| Ending balance | 2,500 | ||
| Service Revenue | |||
| Accounts receivable | 2,500 | ||
| Ending balance | 2,500 | ||
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