Multiple Choice
A collection of an account receivable was erroneously recorded and posted as a debit to Cash and a credit to Consulting Fees Revenue. The journal entry to correct this error would be
A) A debit to Cash and a credit to Accounts Receivable
B) A debit to Accounts Receivable and a credit to Consulting Fees Revenue
C) A debit to Consulting Fees Revenue and a credit to Unearned Consulting Fees
D) A debit to Consulting Fees Revenue and a credit to Accounts Receivable
Correct Answer:
Verified
Correct Answer:
Verified
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