Service revenue received in cash is entered by
A) debiting Cash and crediting Service Revenue.
B) debiting Service Revenue and crediting Cash.
C) debiting Cash and crediting Accounts Payable.
D) debiting Accounts Payable and crediting Cash.
Correct Answer:
Verified
Q42: Every entry in the journal should include
Q43: For EVERY transaction,the accountant enters the
A) year,month,and
Q45: The month in the journal is recorded
A)
Q46: The simplest form of journal is one
Q49: The steps in the journalizing process include
Q50: Journalizing does NOT include
A) debiting account(s)that are
Q55: When delivery equipment is purchased on account,the
Q57: The accounts in the chart of accounts
Q59: Forms and papers that provide information about
Q60: The Posting Reference column of the journal
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