on-october-15th-a-company-earns-4000-in-revenue-from-a-service-provided-on-accou

Question

On October 15th, a company earns $4,000 in revenue from a service provided on account. What is the correct journal entry to record this transaction?

Accepted Answer

Debit Accounts Receivable $$4,000; Credit Revenue 4$$,000.

Answer

Debit Cash $$4,000; Credit Revenue 4$$,000.

Answer

Debit Revenue $$4,000; Credit Accounts Receivable 4$$,000.

Answer

Debit Revenue $$4,000; Credit Cash 4$$,000.

On October 15th, a company earns \$4,000 in revenue from a service provided on account. What is the correct journal entry to record this transaction?