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Natalie Goodwin

Feb 20, 2025

If services are rendered for credit, then?

Liabilities Will Decrease Assets Will Decrease Stockholders' Equity Will Increase Liabilities Will Increase
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Miss Alice Doyle

Feb 20, 2025

Stockholders' Equity Will Increase The journal entry would be :Debit 'Accounts Receivable' $XXXCredit 'Service Revenue' $XXXAt the end of the year, that service revenue will be closed to an owners' equity account, increasing that equity account.... Show More
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