Question
Sydney Ltd repaired a customers washing machine and charged the customer $500 which the customer paid immediately. The general journal entry to record the transaction
Sydney Ltd repaired a customers washing machine and charged the customer $500 which the customer paid immediately. The general journal entry to record the transaction is:
a.Debit Cash at bank $500; Credit Income from repairs $500
b.Debit Accounts receivables $500; Credit Income from repairs $500
c.Debit Income from repairs $500; Credit Accounts receivables $500
d.None of the above
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Financial Accounting An Integrated Approach
Authors: Michael Gibbins
6th Edition
0176407251, 978-0176407254
