Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Captured with Xnip Smith landscaping receives a cash payment of $20,000 to cover an immediate site review of a customers property for $1,000 and $19,000

image text in transcribed

Captured with Xnip Smith landscaping receives a cash payment of $20,000 to cover an immediate site review of a customers property for $1,000 and $19,000 bulldozer services to be performed in 3 months time. The best journal entry to record this transaction is: Debit Sales Revenue 20,000 ; Credit Cash 20,000 Debit Cash 20,000; Credit Sales Revenue 19,000; Credit Unearned Revenue 1,000 Debit Cash 20,000 ; Credit Sales Revenue 19,000 Debit Cash 20,000; Credit Sales Revenue 1,000; Credit Unearned Revenue 19,000

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

Social Work Policy Practice Changing Our Community Nation And The World

Authors: Jessica A Ritter

3rd Edition

179354087X, 9781793540874

More Books

Students also viewed these Accounting questions