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On May 10, a Business Collected $3300 on Account

Question 86

Multiple Choice

On May 10, a business collected $3300 on account. What journal entry is needed on that date?


A) Debit Cash for $3300 and credit Revenue for $3300.
B) Debit Accounts Receivable for $3300 and credit Revenue for $3300.
C) Debit Cash for $3300 and credit Accounts Receivable for $3300.
D) Debit Accounts Payable for $3300 and credit Revenue for $3300.

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