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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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
