In April, the Surf and Sand Hotel books and accepts a cash payment for $25,600 for vacation services to be provided during in July. The journal entry recorded in April will include a debit to:
A. Accounts Payable and a credit to Service Revenue.
B. Cash and a credit to Deferred Revenue.
C. Accounts Receivable and a credit to Service Revenue.
D. Prepaid Expenses and a credit to Service Revenue.
Answer: B
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Answer the following statement true (T) or false (F)
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