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Maryland Vacations Has a $2,200 Account Receivable from the Miami

Question 100

Multiple Choice

Maryland Vacations has a $2,200 account receivable from the Miami Kiwanis.On March 11, the Kiwanis makes a partial payment of $1,050 to Maryland.The journal entry made on March 11 by Maryland to record this transaction includes:


A) A debit to the Cash account of $1,150.
B) A debit to the Accounts Receivable account of $1,150.
C) A credit to the Service Revenue account of $1,050.
D) A credit to the Accounts Receivable account of $1,050.

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