Question: Question 6 (1 point) When passing a journal entry for this transaction what would be credited? Received cash $15,000 for delivery services rendered to customer

Question 6 (1 point) When passing a journal entry for this transaction what would be credited? "Received cash $15,000 for delivery services rendered to customer" Sales Revenue A/c Owner's Equity A/c Accounts Receivable A/c Cash A/c

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

When passing a journal entry for this transaction what would be debited? "Received cash $15,000 for delivery services rendered to customer" Sales Revenue A/c Accounts Receivable A/c Owner's Equity...

When passing a journal entry for this transaction what would be credited? "Billed customers $4,000 for delivery services rendered" Customers A/C Cash A/C Owner's Equity A/C Sales Revenue A/C

Furniture Fix-Up is your own business. You restore and refinish antique wood furniture making the tables, chairs, desks, cabinets etc, look as good as new. You use your own car to pick up and deliver...

ASAP no explanation needed jus multiple choice Question 1 (1 point) A debit to HST Recoverable would mean a business Question 1 options: A)purchased an item and paid HST. B)sold an item and collected...

10:53 GBBC_01_Final Question 1 (1 point) Who among the follwoing are not considered as external user of financial statements? a b Government Banks Stock Exchange Management d Question 2 (1 point)...

Sharpcollectedrentinadvanceof$525,000fromitstenantsduringthecurrentyear.TheadjustedbalanceintheUnearnedRentaccountincreasedfrom$245,000to$378,000duringtheyear.WhatisSharp'srevenuefromrentforthecurrent...

this is a final exam pleaselook over it and help me out 1.Inventory for a merchandising business is classified as a(n): A. part of Stockholders' Equity. B. liability. C. asset. D. revenue. 2.If there...

See the attached, I only need the answers for question 38, 39 40 and 41 45 questions Quiz Question 1 (1 point) A responsibility center that incurs costs (and expenses) and generates revenues is...

Question 15 5 PC Cash $ 2,000 Equipment $5,000 Salaries Expense $ 1,000 Supplies $300 Rental service revenue $ 2000 Rent Expense $2,000 Insurance Expense $ 500 Withdrawals $ 100 Consulting Service...

How do trust services generate fee income and often deposits as well for banks and other financial institutions offering this service?

Question No. 2 What are the steps to test a null hypothesis.5

Which one of the following statements is incorrect regarding the shape of the yield curve? A normal yield curve implies that Central banks have been raising short - term interest rates to control...

A measuring cylinder of height L is initially three quarters full of water. Over time, evaporation of liquid causes the liquid level in the cylinder to fall. It can be assumed that the evaporation...

=+other designers and programmers maintain blogs that give players insights into game design techniques and that occasionally share tips and tricks. You have thousands of readers, and you know your...

=+releases. In fact, to build interest, your companys public relations department carefully doles out small bits of information in the months before a new title hits the market. However, you and...

=+4. Does the three-step writing process apply to IM? Why or why not? [LO-4]