Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

M&M company provided $2,400 in services to customer in december Those customer are expected to pay the company sometime in February Those customer are expected

M&M company provided $2,400 in services to customer in december Those customer are expected to pay the company sometime in February Those customer are expected to pay the company sometime in February following the company's year end. Thee journal entries at december 31 is

Debit Revenue $2,400 and Credit accounts receivable $2,400

Debit Accounts receivable $2,400 and Credit Revenue $2,400

Debit Cash $2,400 and Revenue $2,400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions