Question

1) Entity G rendered $1,400 of services to a customer on account. The journal entry to record this transaction will include

		a credit to Accounts Payable of $1,400.
		a debit to Service Revenue of $1,400.
		a debit to Cash of $1,400.
		a debit to Accounts Receivable of $1,400.

2)

Answer 1

Answer : Debit to accounts receivables of 1400 dollars

Above answer is explained below in detail:

Services rendered on account means services rendered on credit. Here services are provided for cash but the amount is not yet been collected. We need to debit the accounts receivables for a credit transaction. The amount is receivable on future date.

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