FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MC Qu. 124 A company provided $12,000 of consulting services.. A company provided $12.000 of consulting services on account. The customer promises payment in 30

image text in transcribed
image text in transcribed
MC Qu. 124 A company provided $12,000 of consulting services.. A company provided $12.000 of consulting services on account. The customer promises payment in 30 days. Identify the journal entry below that properly records this transaction. Multiple Choice Accounts receivable 12,000 Cash 12,000 Cash 12,000 Consulting services revenue 12,000 Consulting services revenue 12,000 12,000 Cash

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

Frequently Asked Questions In International Standards On Auditing

Frequently Asked Questions In International Standards On Auditing

Authors: Steven Collings

1st Edition

1118765419, 978-1118765418

More Books

Students also viewed these Accounting questions

Question

★★★★★
In any measure space (W, A, ) and with any A n A, n = 1, 2, , show that Also, Provided Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
Freedom Hospital is in the midst of contract negotiations with its resident physicians. There has been a lot of discussion about the hospitals ability to pay and the way patients are charged. The...

Answered: 1 week ago

Question

★★★★★
What are the different types of short sales?

Answered: 1 week ago

Question

★★★★★
McCormick & Company, Inc. is one of the worlds leading producers of spices, herbs, seasonings, condiments, and other flavorings for foods. Its products are sold to consumers, with some of the leading...

Answered: 1 week ago

Question

★★★★★
The bank portion of the bank reconciliation for Coronado Company at November 30,2022 , was as follows The adjusted cash balance per bank agreed with the cash balance per books at November 3 The...

Answered: 1 week ago

Question

★★★★★
X Company is considering buying a part next year that they currently make. A company has offered to supply it for $13.65 per unit. This year's production costs for 3,000 units were as follows:...

Answered: 1 week ago

Question

★★★★★
Nikki's Labs, Inc Income Statement Year Ended September 30, 2020 Sales Revenue Cost of Goods Sold Gross Profit 233,000 91,000 142,000 Operating Expenses: Salaries Expense 54,000 Depreciation...

Answered: 1 week ago

Question

★★★★★
On January 2, 2019, Lapar Corporation purchased a machine for $50,000. Lapar paid shipping expenses of $500, as well as installation costs of $1,200. The company estimated that the machine would have...

Answered: 1 week ago

Question

★★★★★
It consists of establishing objectives for a specific period of time that will lead you to your long-term professional goal. ( ( A . . Race, B . . Professional Development, C . . Career plan, D . ....

Answered: 1 week ago

Question

★★★★★
If an individual agrees to participate in a research study because he or she believes that harm or punishment will result for refusing to participate in the study, the individual's decision to...

Answered: 1 week ago

Question

★★★★★
Ethics Some operating systems can be run directly from an optical disc or flash drive. Booting a computer this way circumvents the OS installed on the hard drive of the system. In a school or...

Answered: 1 week ago

Question

★★★★★
Write formal proposal requests.

Answered: 1 week ago

Question

★★★★★
Write an effective news release.

Answered: 1 week ago

Question

★★★★★
Identify the different types of proposals.

Answered: 1 week ago

Previous Question Next Question