A business received $3,000 in cash from a customer. This transaction would be entered in the accounting
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Question:
A business received $3,000 in cash from a customer. This transaction would be entered in the accounting records as
a) debit to cash and a debit to accounts payable
b) debit to owner's capital and a credit to cash
c) debit to professional fees and a credit to cash
d) debit to cash and a credit to accounts receivable
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781260881240
8th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
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