Jaspreet received a contract for $10,000 for services rendered but will collect funds in 30 days....

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Jaspreet received a contract for $10,000 for services rendered but will collect funds in 30 days. The Journal Entry to record this transaction is: (A) Debit Cash $10,000; Credit Revenue $10,000 (B) Debit Cash $10,000; Credit Accounts Receivable $10,0000 (C) Debit Accounts Receivable $10,000; Credit Revenue $10,000 (D) Debit Accounts Payable $10,000; Credit Revenue $10,000 O A. Debit Cash $10,000; Credit Revenue $10,000 O B. Debit Cash $10,000; Credit Accounts Receivable $10,000 OC. Debit Accounts Receivable $10,000; Credit Revenue $10,000 O D. Debit Accounts Payable $10,000; Credit Revenue $10,000 Jaspreet received a contract for $10,000 for services rendered but will collect funds in 30 days. The Journal Entry to record this transaction is: (A) Debit Cash $10,000; Credit Revenue $10,000 (B) Debit Cash $10,000; Credit Accounts Receivable $10,0000 (C) Debit Accounts Receivable $10,000; Credit Revenue $10,000 (D) Debit Accounts Payable $10,000; Credit Revenue $10,000 O A. Debit Cash $10,000; Credit Revenue $10,000 O B. Debit Cash $10,000; Credit Accounts Receivable $10,000 OC. Debit Accounts Receivable $10,000; Credit Revenue $10,000 O D. Debit Accounts Payable $10,000; Credit Revenue $10,000

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