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Chimney Sweeps provided chimney cleaning services to several clients during the month of February. Chimney's customers have not yet been billed. Chimney's customers owe $2,000 to Chimney. How will Chimney Sweeps record this transaction? O Debit accounts receivable and credit cash O Debit cash and credit services revenue O Debit accounts receivable and credit services revenue

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hyderali230

Answer:

O Debit accounts receivable and credit services revenue

Explanation:

Services has been performed by Chimney Sweeps and they have not been paid yet. So, the $200 is receivable from customer.

Chimney Sweeps record this transaction by following journal entry:

                                       Debit      Credit

Accounts Receivable   $2,000

Services Revenue                        $2,000

So the correct answer is O Debit accounts receivable and credit services revenue.

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