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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 28, 2016



Title: A company receives payment from one of its customers on August 5 for services performed on July 21. ...
Post by: H3Ko on Aug 28, 2016
A company receives payment from one of its customers on August 5 for services performed on July 21. Which of the following entries would be recorded if the company uses accrual basis accounting?

A) Cash   1,000   
      Service Revenue           1,000

B) Supplies   1,000   
      Cash           1,000

C) Salaries Expense   1,000   
      Cash           1,000

D) Cash   1,000   
      Accounts Receivable           1,000


Title: Re: A company receives payment from one of its customers on August 5 for services performed on July ...
Post by: Mrgo-breed on Aug 28, 2016
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Title: Re: A company receives payment from one of its customers on August 5 for services performed on July 21. ...
Post by: H3Ko on Oct 12, 2016
I just realized you had posted this! Thanks so much