Awesome Adventures Travel, Inc., recorded revenues of ($2,400) earned on account by providing travel service for clients.

Question:

Awesome Adventures Travel, Inc., recorded revenues of $$2,400$ earned on account by providing travel service for clients.

Requirements

1. How much are the business’s cash and total assets after the transaction?

2. Name the business’s asset which was increased as a result of the transaction.

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Related Book For book-img-for-question

Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

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Question Posted: May 11, 2024 11:03 PM

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Awesome Adventures Travel, Inc., recorded revenues of ($2,400) earned on account by providing travel service for clients.

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1 Cash 0 assuming all revenues were recorded on accounts receiva...View the full answer

Financial And Managerial Accounting

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