On September 23, Sebadoh Company received a $350 check from Surfer Rosa Inc. for services to be performed in the future. The bookkeeper for Sebadoh Company incorrectly debited Cash for $350 and credited Accounts Receivable for $350. The amounts have been posted to the ledger.
To correct this entry, the bookkeeper should:
A. debit Cash $350 and credit Unearned Service Revenue $350.
B. debit Accounts Receivable $350 and credit Unearned Service Revenue $350.
C. debit Accounts Receivable $350 and credit Cash $350.
D. debit Accounts Receivable $350 and credit Service Revenue $350.
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Home » Business » On September 23, Sebadoh Company received a $350 check from Surfer Rosa Inc. for services to be performed in the future. The bookkeeper for Sebadoh Company incorrectly debited Cash for $350 and credited Accounts Receivable for $350.