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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
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
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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8 years ago
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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