Which journal entry reflects the following transaction?: BOC receives a $2,000 cash deposit from a customer for custom goods that will be delivered next year.
Which journal entry reflects the following transaction?:
BOC receives a $2,000 cash deposit from a customer for custom goods that will be delivered next year.
a)Dr. Cash 2,000
Cr. Advances from Customers 2,000
b)Dr. Deposits 2,000
Cr. Future Revenue 2,000
c)Dr. Cash 2,000
Cr. Inventory 2,000
d)Dr. Advances from Customers 2,000
Cr. Cash 2,000
e)Dr. Cash 2,000
Cr. Revenue 2,000
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Authors: LAP Lambert
1st Edition
6139825466, 978-6139825462
