The entry to record the collection of $ 8000 from a customer on account is .
举一反三
- TRANSLATE THE FOLLOWING SENTENCE INTO CHINESE. "No accounting entry is made to record a payment at the time it is made from petty cash."
- A customer's monthly bill from the electric company would be an ( ) of the electric company until the customer paid the bill. A: account payable B: account receivable C: inventory D: prepaid expense
- Of the following adjusting entries, which one results in an increase in liabilities and the recognition of an expense at the end of an accounting period? A: The entry to accrue salaries owed to employees at the end of the period. B: The entry to record revenue earned but not yet collected or recorded. C: The entry to record earned portion of rent previously received in advance from a tenant. D: The entry to write off a portion of unexpired insurance.
- For each journal entry, the account to be debited is indented.
- Huawei, a Chinese firm, received 5 million US dollars from its sales in the US and deposited them into BoA (a US bank). A: China's nancial account gets a positive entry of 5 million. B: China's nancial account gets a negative entry of 5 million. C: China's nancial account does not change. D: It is not clear how the nancial account of China would change.