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Here are the select options Question 1 2 pts For the next three questions (Questions 1 - 3), read the transaction information and follow the
Here are the select options
Question 1 2 pts For the next three questions (Questions 1 - 3), read the transaction information and follow the instructions in each case. Q1: Transaction: On August 1, the business, Design Thinking Pty Ltd, received prepayment from a customer of $1000 for registration to an online training event to be delivered next month. The cash receipt was recorded as a liability. Instructions: Record the transaction in the general journal by selecting the correct accounts that are debited and credited. (2 marks) General Journal August 1. [Select ] $1000 [ Select ] $1000 [ Select] Select account Asset Cash Accounts Receivable Prepaid Insurance Prepaid Rent Supplies Machinery Land Liability Accounts Payable Unearned Revenue Loan Payable Contributed Capital Retained Earnings Service Revenue Insurance Expense Supplies Expense Rent Expense Wages Expense Depreciation Expense
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