Solved

A Business Earns $4,000 from Various Charge Account Clients

Question 25

Multiple Choice

A business earns $4,000 from various charge account clients.To record this transaction,the business would:


A) Debit Accounts Receivable;Credit Cash
B) Debit Accounts Receivable;Credit Revenue
C) Debit Cash;Credit Accounts Receivable
D) Debit Accounts Payable;Credit Revenue

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: Increases in assets and expenses are both

Q20: Conway Copy Shop is owned and operated

Q21: After transactions for the period have been

Q22: If the total of the amounts on

Q24: Read each of the following transactions.Determine the

Q26: Conway Copy Shop is owned and operated

Q27: The classification and normal balance of the

Q28: Required: Using the chart of accounts for

Q29: If assets are numbered from 100-199,which of

Q30: Read each of the following transactions.Determine the