On May 10, a business collected $50 cash on account is journalized. The transaction was...
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Accounting
On May 10, a business collected $50 cash on account is journalized. The transaction was recorded as a debit to Cash and a credit to Service revenue.
The correcting entry would debit______[ a. cash b. notes receivable c. unearned revenue d. prepaid revenue e. accounts receivable f. service revenue] and credit ______[ a. cash b. notes receivable c. unearned revenue d. prepaid revenue e. accounts receivable f. service revenue] for $_______.
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