Cash and credit to accounts receivable and accounts payable

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Reference no: EM131560907

During January, services totaling $1,500 were performed on account for a customer. The company collected that $1,500 from the customer in March. The journal entry to record the receipt of cash from the customer is recorded with a debit to: Cash and a credit to Accounts Receivable. Cash and a credit to Accounts Payable. Cash and a credit to Revenue. Purchases and a credit to Cash.

Reference no: EM131560907

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