Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a collection on account from a customer for $2,000 was recorded as a debit to cash $2,000 and credit to Service revenue $2,000, the correcting

image text in transcribed
a collection on account from a customer for $2,000 was recorded as a debit to cash $2,000 and credit to Service revenue $2,000, the correcting entry a. DR Accounts receivablo 2,000, CR Sorvice revenuo 2,000 O b. DR cash 2,000, CR Accounts receivable 2,000 O C. DR Service revenuo 2,000, CR Accounts receivablo 2,000 CI. DR Accounts payable 2,000, CR cash 2,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managefirst Managerial Accounting With Pencil/Paper Exam

Authors: National Restaurant Association

1st Edition

0132283417, 978-0132283410

More Books

Students also viewed these Accounting questions

Question

What is operatiing system?

Answered: 1 week ago

Question

Explain the importance of nonverbal messages.

Answered: 1 week ago

Question

Describe the advantages of effective listening.

Answered: 1 week ago

Question

Prepare an employment application.

Answered: 1 week ago