Essay
In a previous month, the business rendered services of $5,000 to a client on account. Now the business receives $5,000 cash from the client. Please provide the journal entry (debits first, credits second.)
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q41: A business pays $500 cash for supplies.Which
Q42: Which of the following accounts is an
Q73: Which of the following accounts increases with
Q84: The following transactions have been journalized and
Q103: Which of the following statements about expenses
Q135: The following transactions have been journalized and
Q138: Which of the following is the order
Q141: A business renders services to a customer
Q142: At the end of a month, a
Q145: Which of the following journal entries would