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Lola did some work for a client on December 31, 2019 and sent out a bill...

Lola did some work for a client on December 31, 2019 and sent out a bill for $500. What would be the journal entry?

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Answer #1
Date General Journal Debit Credit
Dec 31, 2019 Accounts Receivable $500
Service Revenue $500
(To record service revenue)
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