Solved

A Law Firm Collected $1,800 for Work to Be Performed

Question 177

Multiple Choice

A law firm collected $1,800 for work to be performed in the following month.Which of the following general journal entries will the firm make to record this transaction?


A) Debit Accounts Receivable,$1,800; credit Unearned Legal Fees Revenue,$1,800.
B) Debit Cash,$1,800; credit Unearned Legal Fees Revenue,$1,800.
C) Debit Legal Fees Revenue,$1,800; credit Accounts Receivable,$1,800.
D) Debit Accounts Receivable,$1,800; credit Legal Fees Revenue,$1,800.
E) Debit Cash,$1,800; credit Accounts Receivable,$1,800.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions