The receipt of cash (payment) ***1 point from an on-account customer...

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Accounting

The receipt of cash (payment)
***1 point
from an on-account customer should be recorded as a:
a debit to Cash and a credit to Capital.
a debit to Capital and a credit to Income from Services.
a debit to Cash and a credit to Accounts Receivable.
a debit to Cash and a credit to the Accounts Payable.
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