Barrett Fisher, a clerk for Naval Supplies, received a payment from a customer and recorded the following

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Barrett Fisher, a clerk for Naval Supplies, received a payment from a customer and recorded the following journal entry:

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Is this entry correct or not? Explain why it is or is not correct.

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: Jul 16, 2015 02:16 AM

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Barrett Fisher, a clerk for Naval Supplies, received a payment from a customer and recorded the following

Question:

Date Debit Credit Account Title Cash Mar. 1 1,000 Accounts Payable 1,000

Step by Step Answer:

No If the company had previously recorded a receivable fo...View the full answer

Financial ACCT2

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