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Four Journal Entries Are Presented Below Cash 12,200 Service Revenue 12,200\begin{array}{llr} \text {Cash } &12,200\\ \text { Service Revenue } & &12,200\\\end{array}

Question 246

Essay

Four journal entries are presented below.Write an explanation for each entry.
A)
Cash 12,200 Service Revenue 12,200\begin{array}{llr} \text {Cash } &12,200\\ \text { Service Revenue } & &12,200\\\end{array}

B)
Accounts Receivable 17,500Service Revenue 17,500\begin{array}{llr} \text {Accounts Receivable } &17,500\\ \text {Service Revenue } &&17,500\\\end{array}

C)
 Cash 16,900 Accounts Receivable 16,900\begin{array}{llr} \text { Cash } &16,900\\ \text { Accounts Receivable } &&16,900\\\end{array}

D)
Cash 1,830 Unearned Revenue 1,830\begin{array}{llr} \text {Cash } &1,830\\ \text { Unearned Revenue } &&1,830\\\end{array}

Correct Answer:

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A) Cash was received for serves provided...

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