A business maintains subsidiary accounts for each of its customers. On May 15, the business provides services on account of $2,000 to customer Mike Jones. Which journal entry is needed to record the transaction (ignore Cost of Goods Sold)?

A.

May 15	Accounts Receivable M. Jones	2,000
	Sales Revenue		2,000

B.

May 15	Cash	2,000
	Sales Revenue		2,000

C.

May 15	Accounts Receivable M. Jones	2,000
	Cash		2,000

D.

May 15	Cash	2,000
	Accounts Receivable M. Jones		2,000

Customer Sam Meeker owed DEF Company $1,700. On May 30, 2018, DEF determined this account receivable to be uncollectible and wrote off the account. The company uses the direct

writeoff

method. On July 20, 2018, DEF received a check for $1,700 from the customer. How should the entry for the recovery of this receivable on July 20, 2018 be recorded?

A.

Debit Cash; Credit Bad Debts Expense

B.

Debit Accounts Receivable; Credit Cash

C.

Debit Cash; Credit Accounts Receivable

D.

Debit Accounts Receivable; Credit Bad Debts Expense