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Chapter 2 Material 4) A company provided $12,000 of consulting services and was immediately paid in cash by the customer. Identify the journal entry below

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Chapter 2 Material 4) A company provided $12,000 of consulting services and was immediately paid in cash by the customer. Identify the journal entry below that properly records this transaction. A) Accounts Receivable Cash 12,000 12,000 B) Cash Consulting Services Revenue 12,000 12,000 12,000 Consulting Services Revenue Cash 12,000 D Accounts Payable Consulting Services Revenue 12,000 12,0001 E Accounts Receivable Consulting Services Revenue 12,000 12,000 Answer: (add your answer here)

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