August 25. The company recorded the cash received in payment of services (on a cash basis) to customers, $16,000.The correct journal entry is:
A: Dr. Cash 16,000 Cr. Fees earned 16,000
B: Dr. Cash 16,000 Cr. Sales 16,000
C: Dr. Accounts receivable 16,000 Cr. Fees earned 16,000
A: Dr. Cash 16,000 Cr. Fees earned 16,000
B: Dr. Cash 16,000 Cr. Sales 16,000
C: Dr. Accounts receivable 16,000 Cr. Fees earned 16,000
举一反三
- January 26. Wizsolution received $1,800 cash as partial payment from the client described in transaction of January 20.The correct journal entry is: A: Dr. Cash 1,800 Cr. Sales 1,800 B: Dr. Cash 1,800 Cr. Fees earned 1,800 C: Dr. Cash 1,800 Cr. Accounts receivable 1,800
- January 28. Wizsolution made a partial payment of $500 cash on the supplies and office equipment purchased in transaction of January 15.The correct journal entry is: A: Dr. Miscellaneous expense 500 Cr. Cash 500 B: Dr. Notes payable 500 Cr. Cash 500 C: Dr. Accounts payable 500 Cr. Cash 500
- Transaction d. Purchased equipment on account, $9,000.The correct journal entry is: A: Dr. Equipment 9,000 Cr. Accounts payable 9,000 B: Dr. Equipment 9,000 Cr. Cash 9,000 C: Dr. Equipment 9,000 Cr. Note payable 9,000
- Your company purchased on credit art equipment from Greg’s Equipment Company for $3，900. The transaction will be recorded as：（ ） A: Dr. Accounts Payable $3,900 Cr. Art Equipment $3,900 B: Dr. Art Equipment $3,900 Cr. Accounts Payable $3,900 C: Dr. Cash $3,900 Cr. Art Equipment $3,900 D: Dr. Art Equipment $3,900 Cr. Cash $3,900
- Transaction c. Purchased office equipment on account, $9,000.The correct journal entry is: A: Dr. Equipment 9,000 Cr. Notes payable 9,000 B: Dr. Equipment 9,000 Cr. Cash 9,000 C: Dr. Equipment 9,000 Cr. Accounts payable 9,000