The following transaction has been recorded in the general journal entry: Which of the following could be an explanation for this transaction?
A)Provided services on account.
B)Paid cash to settle accounts payable.
C)Collected cash from customers.
D)Borrowed money to support operating activities.

Question

The following transaction has been recorded in the general journal entry:  Which of the following could be an explanation for this transaction?
A)Provided services on account. 
B)Paid cash to settle accounts payable. 
C)Collected cash from customers. 
D)Borrowed money to support operating activities.

Quizplus · Accepted Answer

The Answer of The following transaction has been recorded in the general journal entry:  Which of the following could be an explanation for this transaction?
A)Provided services on account. 
B)Paid cash to settle accounts payable. 
C)Collected cash from customers. 
D)Borrowed money to support operating activities.

The Following Transaction Has Been Recorded in the General Journal