What transaction does the following general journal entry represent?
A)Provided services on account.
B)Paid cash owed to a supplier.
C)Collected cash from customers.
D)Borrowed money to support operating activities.

Question

What transaction does the following general journal entry represent? 
A)Provided services on account. 
B)Paid cash owed to a supplier. 
C)Collected cash from customers. 
D)Borrowed money to support operating activities.

Quizplus · Accepted Answer

The journal entry shows an increase in cash and decrease in accounts receivable, which would record the collection of cash from customers.

What Transaction Does the Following General Journal Entry Represent