A business maintains subsidiary accounts for each of its customers. On May 15, the business sells services
Question:
A business maintains subsidiary accounts for each of its customers. On May 15, the business sells services on account: $ 2 comma 100$2,100 to customer J. Simmons; $ 4 comma 400$4,400 to customer A. Jones; and $ 1 comma 900$1,900 to customer J. Williams. Which journal entry is needed to record this sales transaction?
A.
May 15 | Accounts Receivable minus− J. Simmons | 2 comma 1002,100 | |
| Accounts Receivable minus− A. Jones | 4 comma 4004,400 | |
| Accounts Receivable minus− J. Williams | 1 comma 9001,900 | |
| Service Revenue | | 8 comma 4008,400 |
B.
May 15 | Accounts Receivable | 8 comma 4008,400 | |
| Service Revenue | | 8 comma 4008,400 |
C.
May 15 | Accounts Receivable Control | 8 comma 4008,400 | |
| Sales Revenue | | 8 comma 4008,400 |
| | | |
May 15 | Accounts Receivable minus− J. Simmons | 2 comma 1002,100 | |
| Accounts Receivable minus− A. Jones | 4 comma 4004,400 | |
| Accounts Receivable minus− J. Williams | 1 comma 9001,900 | |
| Accounts Receivable minus− Control | | 8 comma 4008,400 |
D.
May 15 | Service Revenue | 8 comma 4008,400 | |
| Accounts Receivable | | 8 comma 4008,400 |
Chemistry The Central Science
ISBN: 978-0321696724
12th edition
Authors: Theodore Brown, Eugene LeMay, Bruce Bursten, Catherine Murphy, Patrick Woodward