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What is the correcting entry for sheffield company

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Question 1: Sheffield Company received a $890 cheque from a customer for the balance due on an accounts receivable. The transaction was erroneously recorded as a debit to Cash of $980 and a credit to Service Revenue of $980. The correcting entry is

Option 1: debit Service Revenue $980; credit Cash $890; credit Accounts Receivable $90

Option 2: debit Service Revenue $980; credit Cash $90; credit Accounts Receivable $890

Option 3: debit Accounts Receivable $90; credit Cash $90

Option 4: debit Accounts Receivable $890; credit Cash $890

Reference no: EM132572654

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