Question
1.R. Sparks withdrew from his business $300. The business would record this transaction: Debit Cash $300, Credit Withdrawals $300 Debit Withdrawals $300, Credit Cash $300
1.R. Sparks withdrew from his business $300. The business would record this transaction:
Debit Cash $300, Credit Withdrawals $300
Debit Withdrawals $300, Credit Cash $300
Debit Withdrawals expense $300, Credit Cash $300
Debit Cash $300, Credit Accounts Payable $300
2.R. Sparks business received payment from customers previously billed $1,000. The business would record this transaction:
Debit Cash $1,000, Credit Accounts Receivable $1,000 | ||||||||||||||||||||||||||||||||||||||
Debit Cash $1,000, Credit Accounts Payable $1,000 | ||||||||||||||||||||||||||||||||||||||
Debit Accounts Receivable $1,000, Credit Service revenue $1,000 | ||||||||||||||||||||||||||||||||||||||
Debit Service revenue $1,000, Credit Cash $1,000. 3.R. Sparks business received $800 cash in advance for services to be performed next quarter. The business would record this transaction:
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