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A Company Provided $12,000 of Consulting Services, and Was Immediately  Accounts Receivable 12,000 Cash 12,000\begin{array}{|l|r|r|}\hline \text { Accounts Receivable } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}

Question 232

Multiple Choice

A company provided $12,000 of consulting services, and was immediately paid in cash by the customer. Identify the journal entry below that properly records this transaction.


A)  Accounts Receivable 12,000 Cash 12,000\begin{array}{|l|r|r|}\hline \text { Accounts Receivable } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}
B)  Cash 12,000 Consulting services reverue 12,000\begin{array} { | l | c | c | } \hline \text { Cash } & 12,000 \\\hline \text { Consulting services reverue } & & 12,000\\\hline \end{array}
C)  Consultirg services reverue 12,000 Cash 12,000\begin{array} { | l | l | l | } \hline \text { Consultirg services reverue } & 12,000 \\\hline \text { Cash } & & 12,000\\\hline\end{array}
D)  Accounts payable 12,000 Consulting servicesrevenue 12,000\begin{array}{|l|r|r|}\hline \text { Accounts payable } & 12,000 & \\\hline \text { Consulting servicesrevenue } & & 12,000 \\\hline\end{array}
E)  Accounts receivable 12,000 Consulting servicesrevenue 12,000\begin{array}{|l|r|r|}\hline \text { Accounts receivable } & 12,000 & \\\hline \text { Consulting servicesrevenue } & & 12,000 \\\hline\end{array}

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