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11 October, 09:03

A customer paying $100 for a service with a credit card would be a debit to which account?

Cash

Service revenue

Accounts payable

Accounts receivable

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Answers (2)
  1. 11 October, 09:15
    0
    Answer is Accounts receivable.

    Explanation:

    A customer paying $100 for a service with a credit card will be a debit to Accounts receivable.
  2. 11 October, 09:30
    0
    Accounts receivable

    Explanation:

    The $100 is a debit from the credit card of the customer and would be debited to accounts receivable.

    Account receivable is basically the money owed to a seller by the buyer and they are created by the company when the credit purchase is made.

    The company will receive their $100 owed to them from accounts receivable because it shows on the balance sheet the amount owed the company and can be retrieved on short term basis.
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