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James Wright performed handyman services for $2500. He received cash of $1500 with the balance to be received within 28 days. The transaction is recorded
James Wright performed handyman services for $2500. He received cash of $1500 with the balance to be received within 28 days. The transaction is recorded as:
a.
DR Services revenue $2500; CR Cash $1500; CR Accounts payable $1000
b.
DR Cash $2500; CR Equity $2500
c.
DR Cash $1500; DR Accounts receivable $1000; CR Services revenue $2500
d.
DR Cash $1500; DR Equity $1000; CR Services revenue $2500
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