question 16

Kincaid Company provided consulting services of $5,500 to a customer who paid $2,800 and promised to pay the remainder next month. Which of the following journal entries correctly records this transaction? Multiple Choice 2,800 Cash consulting Revenue 2,800 Cash Accounts Payable Consulting Revenue 2. 700 5,500 5,500 Consulting Revenue Cash Accounts Receivable 2,800 2,700 | Cash Accounts Receivable Consulting Revenue 2.700 5,500