January 26. Wizsolution received $1,800 cash as partial payment from the client described in transaction of January 20.The correct journal entry is:
A: Dr. Cash 1,800 Cr. Sales 1,800
B: Dr. Cash 1,800 Cr. Fees earned 1,800
C: Dr. Cash 1,800 Cr. Accounts receivable 1,800
A: Dr. Cash 1,800 Cr. Sales 1,800
B: Dr. Cash 1,800 Cr. Fees earned 1,800
C: Dr. Cash 1,800 Cr. Accounts receivable 1,800
举一反三
- August 25. The company recorded the cash received in payment of services (on a cash basis) to customers, $16,000.The correct journal entry is: A: Dr. Cash 16,000 Cr. Fees earned 16,000 B: Dr. Cash 16,000 Cr. Sales 16,000 C: Dr. Accounts receivable 16,000 Cr. Fees earned 16,000
- January 28. Wizsolution made a partial payment of $500 cash on the supplies and office equipment purchased in transaction of January 15.The correct journal entry is: A: Dr. Miscellaneous expense 500 Cr. Cash 500 B: Dr. Notes payable 500 Cr. Cash 500 C: Dr. Accounts payable 500 Cr. Cash 500
- January 8. Wizsolution purchased office equipment for $12,000 cash.The correct journal entry is: A: Dr. Office equipment 12,000 Cr. Notes payable 12,000 B: Dr. Office equipment 12,000 Cr. Accounts payable 12,000 C: Dr. Office equipment 12,000 Cr. Cash 12,000
- Transaction d. Purchased equipment on account, $9,000.The correct journal entry is: A: Dr. Equipment 9,000 Cr. Accounts payable 9,000 B: Dr. Equipment 9,000 Cr. Cash 9,000 C: Dr. Equipment 9,000 Cr. Note payable 9,000
- Transaction c. Purchased office equipment on account, $9,000.The correct journal entry is: A: Dr. Equipment 9,000 Cr. Notes payable 9,000 B: Dr. Equipment 9,000 Cr. Cash 9,000 C: Dr. Equipment 9,000 Cr. Accounts payable 9,000