TGY rendered service on July 1, 2020 and the customer paid after one month of OMR 2,000. What is the journal entry on Ju

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Tgy Rendered Service On July 1 2020 And The Customer Paid After One Month Of Omr 2 000 What Is The Journal Entry On Ju 1 (46.83 KiB) Viewed 94 times

TGY rendered service on July 1, 2020 and the customer paid after one month of OMR 2,000. What is the journal entry on July 1, 2020 and what is its effect to equity? O a. Debit Accounts Receivable of OMR 2,000 and a credit to service income OMR 2,000, the equity will increase O b. Debit Cash of OMR 2,000 and credit to Deferred Income of OMR 2,000, the equity has no effect O c. Debit Cash of OMR 2,000 and credit service Income of OMR 2,000, the equity will increase O d. Debit Cash of OMR 2,000 and credit service Income of OMR 2,000, the equity will decrease Question 9