Question 72
Multiple Choice A company provided $12,000 of consulting services, and was immediately paid in cash by the customer.Identify the journal entry below that properly records this transaction.
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} Accounts receivable Consulting services revenue 12 , 000 12 , 000 Accounts receivable 12 , 000 Cash 12 , 000 \begin{array} { | l | r | r | } \hline \text { Accounts receivable } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array} Accounts receivable Cash 12 , 000 12 , 000 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} Consulting services revenue Cash 12 , 000 12 , 000 Cash 12 , 000 Consulting services revenus 12 , 000 \begin{array} { | l | r | r | } \hline \text { Cash } & 12,000 & \\\hline \text { Consulting services revenus } & & 12,000 \\\hline\end{array} Cash Consulting services revenus 12 , 000 12 , 000 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} Accounts payable Consulting services revenue 12 , 000 12 , 000
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