Healthy Lawn Maintenance Company Started a Lawn Services Business on January

Healthy Lawn Maintenance Company started a lawn services business on January 1, 2013. It sends invoices to its customers for lawn maintenance services at the end of each month, and expects the customer to pay within 30 days. During 2013, Healthy Lawn Maintenance billed its customers a total of $2,000,000 for services rendered during the year. It made journal entries at the end of each month.

If Healthy Lawn Maintenance’s customers remitted $1,900,000 in cash during 2013, it would make the following journal entries with the following aggregated amounts:

A) Accounts Receivable, Gross—specific accounts . . . . . . . . . . 1,900,000
Cash . . . . . . . . . . . . . . . . . . .. . . . . . . . .. 1,900,000
B) Cash . . . . . . . . . . . . . .. . . . . . . . . .. . . . . . . . 1,900,000
Accounts Receivable, net—specific accounts . . . ... . . . . 1,900,000
C) Cash . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 1,900,000
Accounts Receivable, Gross—specific accounts . . .. . . . . . 1,900,000
D) Cash . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 1,900,000
Notes Receivable, Gross—specific accounts . . . .. . . . . . . 1,900,000
E) Notes Receivable, Gross—specific accounts . . . . . . . . . . . . . 1,900,000
Cash . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 1,900,000