On July 3, the ABC Company received $865 in cash on account from customers. The correct journal entry to record this transaction is:
A. debit Cash, $865; credit Income from Services, $865
B. debit Cash, $865; credit Accounts Payable, $865
C. debit Cash, $865; credit Accounts Receivable, $865
D. debit Accounts Receivable, $865; credit Cash, $865
Answer: C
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