A customer purchased a service from XYZ Company. The customer agreed to pay $300 in 30 days. What entry is required on XYZ's books on the date of the sale using the Accrual Method of accounting? Debit Accounts Receivable $300; Credit Sales $300 No entry is required until payment is received Debit Bank, $300; Credit Accounts Receivable $300 Debit Accounts Receivable $300; Credit Accounts Payable $300

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