Question
The Turner family paid $30 on their account for services provided last month. How would you journalize this transaction? a. Credit Accounts Payable, Feed and
The Turner family paid $30 on their account for services provided last month. How would you journalize this transaction?
a. Credit Accounts Payable, Feed and Farm Store $30 on the first line and debit Cash $30 on the second line.
b.Add "received payment" on the third line. Credit Cash $30 on the first line and debit Accounts Receivable, Turner family $30 on the second line. Add "received payment" on the third line.
c.Debit Accounts Receivable, Turner family $30 on the first line and credit Cash $30 on the second line. Add "received payment" on the third line.
d.Debit Cash $30 on the first line and credit Accounts Receivable, Turner family $30 on the second line. Add "received payment" on the third line.
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