Question
TB MC Qu. 02-109 A law firm collected... A law firm collected $2,200 on account for work performed in the previous month. Which of the
TB MC Qu. 02-109 A law firm collected...
A law firm collected $2,200 on account for work performed in the previous month. Which of the following general journal entries will the firm make to record this collection of cash?
Multiple Choice
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Debit Accounts Receivable, $2,200; credit Unearned Legal Fees Revenue, $2,200.
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Debit Cash, $2,200; credit Unearned Legal Fees Revenue, $2,200.
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Debit Legal Fees Revenue, $2,200; credit Accounts Receivable, $2,200.
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Debit Accounts Receivable, $2,200; credit Legal Fees Revenue, $2,200.
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Debit Cash, $2,200; credit Accounts Receivable, $2,200.
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