Question and answer
Topeka Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting
entry is
debit increases revenue than credit card. because in debit card you hold your income. unlike credit card its unlimited so you don't notice that you already have lots of debts in the bank..practically speaking debit card increases your revenue.
Expert answered|cmc122|Points 304|
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Asked 2/5/2012 12:28:35 PM
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