Multiple Choice
A business performed $8,000 of services. Their customer paid $3,000 of the amount right away but
Charged the remaining amount. To record this transaction, the business would:
A) Debit Cash $3,000 and Debit Accounts Receivable $5,000 and Credit Fees Income $8,000
B) Debit Accounts Receivable $8,000 and; Credit Fees Income $8,000
C) Debit Cash $3,000; Credit Fees Income $3,000
D) Debit Cash $3,000 and Debit Accounts Payable $5,000; Credit Fees Income $8,000
Correct Answer:

Verified
Correct Answer:
Verified
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