Solved

A Business Collects Cash from a Customer in Payment of Accounts

Question 126

Multiple Choice

A business collects cash from a customer in payment of accounts receivable.Which account is credited?

A) Cash
B) Accounts receivable
C) Service revenue
D) Supplies

Related Questions

Q94: The last step before preparing financial statements

Q121: For Salary Payable,the category of account and

Q122: After initially recording a transaction,the data is

Q123: For Drawing,the category of account and its

Q124: When a business collects cash,the cash account

Q125: A business renders services for $16,000 and

Q127: The owner's capital account is increased by

Q128: A business repays the amount borrowed on

Q129: For Accounts payable,the category of account and

Q130: A business buys $500 of supplies on