Question
Chicago Consulting, an engineering consulting firm, provided $6,000 of services to a client; the client paid $2,000 when the bill was submitted and will pay
Chicago Consulting, an engineering consulting firm, provided $6,000 of services to a client; the client paid $2,000 when the bill was submitted and will pay the balance within a week. Chicago Consulting will record this transaction by:
Dr. Fees revenue 6,000 / Cr.Fees receivable 4,000 / Cr.Cash 2,000
Dr.Cash 2,000 / Cr.Fees revenue 2,000
Dr.Cash 2,000 / Dr.Fees receivable 4,000 / Cr.Fees revenue 6,000
Dr.Cash 2,000 / Dr.Fees revenue 4,000 / Cr.Fees receivable 6,000
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Accounting History And The Rise Of Civilization, Volume II
Authors: Gary Giroux
1st Edition
163157793X, 9781631577932
