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Antonio's Catered a Reception

Question 118

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

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