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On May 10,a Business Collected $2,200 on Account

Question 139

Multiple Choice

On May 10,a business collected $2,200 on account.What journal entry is needed on May 10?


A) Debit Accounts Payable for $2,200 and credit Accounts Receivable for $2,200.
B) Debit Accounts Receivable for $2,200 and credit Revenue for $2,200.
C) Debit Cash for $2,200 and credit Accounts Receivable for $2,200.
D) Debit Accounts Payable for $2,200 and credit Revenue for $2,200.

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