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A Business Performed $8,000 of Services

Question 53

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

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