Solved

During January,services Totaling $1,500 Were Performed on Account for a Customer.The

Question 196

Multiple Choice

During January,services totaling $1,500 were performed on account for a customer.The company collected that $1,500 from the customer in March.The journal entry to record the receipt of cash from the customer is recorded with a debit to:


A) Cash and a credit to Accounts Receivable.
B) Cash and a credit to Accounts Payable.
C) Cash and a credit to Revenue.
D) Purchases and a credit to Cash.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions