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NJW Company provided $4,200 of legal services. The client paid $2,000 up front and agreed to pay the remaining $2,200 in two weeks. Select the

NJW Company provided $4,200 of legal services. The client paid $2,000 up front and agreed to pay the remaining $2,200 in two weeks. Select the correct journal entry from the options below to record the transaction:

Multiple Choice

  • a debit to Cash for $2,000, a credit to Accounts Payable for $2,200, and a credit to Fees Income for $4,200.

  • a debit to Cash for $2,000, a debit to Accounts Receivable for $2,200, and a credit to Fees Income for $4,200.

  • a debit to Fees Income for $4,200, a credit to Cash for $2,000, and a credit to Accounts Receivable for $2,200.

  • a debit to Fees Income for $2,200, a debit to Cash for $2,000, and a credit to Accounts Receivable for $4,200.

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