Multiple Choice
A journal entry that debits Cash and credits Accounts Receivable indicates that:
A) payment was received on account.
B) payment was made on account.
C) revenue increased.
D) revenue decreased.
Correct Answer:
Verified
Correct Answer:
Verified
Q160: The purchase of equipment,involving a cash down
Q161: A company received cash in exchange for
Q162: Posting is:<br>A)copying the information from the journal
Q163: Common stock and retained earnings are increased
Q164: Timothy Company has the following trial balance
Q166: A company received a utility bill for
Q167: Accounts with normal debit balances include:<br>A)Cash,Accounts Receivable,and
Q168: Lori Nichols started an engineering firm,Engineering Enterprises
Q169: The trial balance is used to determine
Q170: On August 15,a customer paid $5,000 for