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A Company Provided $12,000 of Consulting Services on Account  Accounts receivable 12,000 Cash 12,000\begin{array} { | l | r | l | } \hline \text { Accounts receivable } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}

Question 233

Multiple Choice

A company provided $12,000 of consulting services on account.The customer promises payment in 30 days.Identify the journal entry below that properly records this transaction.


A)  Accounts receivable 12,000 Cash 12,000\begin{array} { | l | r | l | } \hline \text { Accounts receivable } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}
B)  Cash 12,000 Consulting services revenue 12,000\begin{array} { | l | r | l | } \hline \text { Cash } & 12,000 & \\\hline \text { Consulting services revenue } & & 12,000 \\\hline\end{array}
C)  Consulting services revenue 12,000 Cash 12,000\begin{array} { | l | r | l | } \hline \text { Consulting services revenue } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}
D)  Accounts payable 12,000 Consulting services revenue 12,000\begin{array} { | l | r | l | } \hline \text { Accounts payable } & 12,000 & \\\hline \text { Consulting services revenue } & & 12,000 \\\hline\end{array}
E)  Accounts Receivable 12,000 Consulting services revenue 12,000\begin{array} { | l | r | l | } \hline \text { Accounts Receivable } & 12,000 & \\\hline \text { Consulting services revenue } & & 12,000 \\\hline\end{array}

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