Question
a company receives payment from one of his customers on August 5 for service performed on July 21st, which of the following entries would be
a company receives payment from one of his customers on August 5 for service performed on July 21st, which of the following entries would be recorded if the company uses accurate bases accounting.
a] account payable 1000
cash 1000
b] cash 1000
account receivable 1000
c] service revenue 1000
cash 1000
d] cash 1000
service revenue 1000
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College Accounting Ch 1-12
Authors: Dansby
5th Edition
0763834955, 978-0763834951
