5. Which of the following journal entries would be recorded if a business renders service...
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5. Which of the following journal entries would be recorded if a business renders service and receives cash of $400 from the customer? A) Service revenue 4001 Accounts receivable 400 B) Cash 400 Accounts receivable 14001 C) Cash 400 Service Revenue 4001 D) Service revenue 4001 Cash 4001 Short Answer: 1. In May 3 business is started by receiving $5,000 cash from the owner. Please provide the journal entry (debits first, credits second.)
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