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YourCo. provides services to Client Co. on account (on credit). To record this transaction you...

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Question

Accounting

YourCo. provides services to Client Co. on account (on credit). To record this transaction you would . . . (mark two answers)

Dr. Service Revenue

Credit (Cr.) Accounts Payable - A/P

Cr. Service Expense

Dr. Accounts Receivable (A/R)

Dr. Service Expense

Dr. Cash

Debit (Dr.) Accounts Payable - A/P

Cr. Cash

Cr. Accounts Receivable (A/R)

Cr. Service Revenue

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