Multiple Choice
Antonio's catered a reception. The total price was $850. Their customer paid half of the fee in cash and agreed to pay the remainder later. The journal entry to record this transaction is
A) Cash 425
Accounts Receivable 425
Catering Service Fees 850
B) Cash 850
Accounts Receivable 850
C) Cash 850
Catering Service Fees 850
D) Accounts Receivable 850
Cash 425
Catering Service Fees 425
Correct Answer:

Verified
Correct Answer:
Verified
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