A customer is provided a $200 service on account and is sent an invoice. What is the correct journal entry on the date of service?

1. Revenue is recorded when the service is provided, so Fees Earned is credited. 2. No cash is received yet; the customer owes the amount, so a receivable arises. 3. Accounts Receivable, an asset that increases, is debited. 4. Option A wrongly uses Cash; option C reverses the entry; option D uses a payable instead of a receivable. 5. Therefore debit Accounts Receivable $200 and credit Fees Earned $200. _Source: Jonick, Principles of Financial Accounting (CC BY-SA 4.0), §1.4.5 "Revenue Transactions on Account", p.30_