Multiple Choice
Sparkling Pools performed $2,400 of pool maintenance services during July;the customers had paid in advance for these services in June.The company performed $1,500 of pool maintenance services during July and collected payment from those customers in August.Also,during July,the company accepted an order to perform $750 of pool maintenance services in August;the customers will pay for these services in August.The company uses accrual basis accounting.The Service Revenue account should be credited for:
A) $2,400 in June,$1,500 in July,and $750 in August.
B) $2,400 in June,$0 in July,and $2,250 in August.
C) $0 in June,$2,400 in July,and $2,250 in August.
D) $0 in June,$3,900 in July,and $750 in August.
Correct Answer:

Verified
Correct Answer:
Verified
Q84: The ending balance of Accounts Receivable in
Q85: A company had the following assets
Q86: Which of the following statements about cash
Q87: The journal entry to record the purchase
Q88: During March,Seconds Best Company had cash sales
Q90: Your company orders and receives supplies in
Q91: If the total of debits equals the
Q92: A company has sales revenues of $260,000
Q93: During the month of February,Castle Co.wrote checks
Q94: What type of account is Accounts Receivable?<br>A)Asset<br>B)Liability<br>C)Expense<br>D)Revenue