Cash of ($ 100) received at the time the service was rendered was journalized and posted as
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Cash of \(\$ 100\) received at the time the service was rendered was journalized and posted as a debit to Cash \(\$ 100\) and a credit to Accounts Receivable \(\$ 100\). Assuming the incorrect entry is not reversed, the correcting entry is:
a. debit Fees Earned \(\$ 100\) and credit Accounts Receivable \(\$ 100\)
b. debit Cash \(\$ 100\) and credit Fees Earned \(\$ 100\).
c. debit Accounts Receivable \(\$ 100\) and credit Fees Earned \(\$ 100\).
d. debit Accounts Receivable \(\$ 100\) and credit Cash \(\$ 100\).
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Related Book For
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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