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Antonio's Catered a Reception B)  Cash 500 Accounts Receivable 500\begin{array}{ | l | l | } \hline \text { Cash }& 500 \\\hline \text { Accounts Receivable } & 500 \\\hline\end{array}

Question 36

Multiple Choice

Antonio's catered a reception.The total price was $500.The customer paid half of the fee in cash and placed the remainder on account.The journal entry to record this transaction is:


A)
 Cash 250 Accounts Receivable 250 Catering Service Fees 500\begin{array} { | c | l | } \hline \text { Cash } & 250 \\\hline \text { Accounts Receivable } & 250 \\\hline \text { Catering Service Fees } & 500\\\hline\end{array}
B)
 Cash 500 Accounts Receivable 500\begin{array}{ | l | l | } \hline \text { Cash }& 500 \\\hline \text { Accounts Receivable } & 500 \\\hline\end{array}
C)
 Cash 500 Catering Service Fees 500\begin{array}{ | l | l | } \hline \text { Cash }& 500 \\\hline \text { Catering Service Fees } & 500 \\\hline\end{array}
D)
 Cash 500 Accounts Receivable 250 Catering Service Fees 250\begin{array} { | r | r | } \hline \text { Cash }&{ 500 } \\\hline \text { Accounts Receivable } & 250 \\\hline \text { Catering Service Fees } & 250 \\\hline\end{array}

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