The journal entry to record the sale of services on credit should include:
A) a debit to Accounts Receivable and a credit to Capital.
B) a debit to Accounts Receivable and a credit to Fees Income.
C) a debit to Cash and a credit to Accounts Receivable.
D) a debit to Fees Income and a credit to Accounts Receivable.
Correct Answer:
Verified
Q1: If a journal entry that contains an
Q3: A ledger account contains a complete record
Q4: Account names are written in the general
Q5: Transactions are entered in the journal in
Q6: When an entry is made in the
Q7: If an error is discovered before the
Q8: Transactions are recorded in either a journal
Q9: The balance ledger form always shows the
Q10: Transactions in a journal are initially recorded
Q11: When an entry is made in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents