Answer:
The answers are:
Dr Cash 291,000
Dr Service Charge Expense 9,000
Cr Accounts Receivable 300,000
Explanation:
When assets increase, they are debited. Since cash increases then it should be recorded as a debit. Since accounts receivable decreases, then it should be recorded as a credit.
When expenses increase, they are debited. Since service charge expenses increases, then it should be recorded as a debit.
