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When Samsung performs a service but has not yet received payment, it

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A.makes no entry until cash is received.
B.debits Accounts Receivable and credits Service Revenue.
C.debits Service Revenue and credits Accounts Receivable.
D.debits Service Revenue and credits Accounts Payable.
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In accrual accounting, revenues are recognized when earned, regardless of whether cash has been collected yet. Here, Samsung has performed a service, so revenue is recognized and an asset is created for the amount owed by the cu......Login to view full explanation

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