Multiple Choice
A routine collection on a customer's account was recorded and posted as a debit to Cash and a credit to Sales Revenue.The journal entry to correct this error would be
A) a debit to Sales Revenue and a credit to Accounts Receivable.
B) a debit to Sales Revenue and a credit to Unearned Revenue.
C) a debit to Cash and a credit to Accounts Receivable.
D) a debit to Accounts Receivable and a credit to Sales Revenue.
Correct Answer:
Verified
Correct Answer:
Verified
Q34: The following balances have been excerpted from
Q35: At the beginning of the fiscal year,office
Q36: The last step in the accounting cycle
Q37: Beginning and ending Accounts Receivable balances were
Q38: On August 1,a company received cash of
Q40: Schroeder Co.had the following transactions pertaining to
Q41: Which of the following regarding accrual versus
Q42: The records of Majestic Co.showed the following
Q43: Which of the following accounts most likely
Q44: The Supplies on Hand account balance at