J.Wood performed carpentry services for $7500.He received cash of $2000 and gave 1. credit for $\$ 5500$. Ignoring GST the transaction is recorded as:
a. Debit Cash $\$ 2000$, deb it Accounts Receivable $\$ 7500$, credit Accounts receivable $\$ 2000$, credit Income Eamed $\$ 7500$
b. Debit Income Earned $\$ 7500$, credit Cash $\$ 2000$, credit Accounts Payable $\$ 5500$
c. Debit Cash $\$ 7500$, credit Equity $\$ 7500$
d. Debit Cash $\$ 2000$, debit Equity $\$ 5500$, credit Income Earned $\$ 7500$

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The Answer of J.Wood performed carpentry services for $7500.He received cash of $2000 and gave 1. credit for $\$ 5500$. Ignoring GST the transaction is recorded as:
a. Debit Cash $\$ 2000$, deb it Accounts Receivable $\$ 7500$, credit Accounts receivable $\$ 2000$, credit Income Eamed $\$ 7500$
b. Debit Income Earned $\$ 7500$, credit Cash $\$ 2000$, credit Accounts Payable $\$ 5500$
c. Debit Cash $\$ 7500$, credit Equity $\$ 7500$
d. Debit Cash $\$ 2000$, debit Equity $\$ 5500$, credit Income Earned $\$ 7500$

JWood Performed Carpentry Services for $7500 $5500\$ 5500$5500 Ignoring GST the Transaction Is Recorded As: A

JWood Performed Carpentry Services for $7500 $\$ 5500$ Ignoring GST the Transaction Is Recorded As:
A