An enterprise fund collects $100,000 cash for customer deposits to insure timely payment for services. What...

 

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An enterprise fund collects $100,000 cash for customer deposits to insure timely payment for services. What journal entry did the enterprise fund prepare? a. Debit Cash $100,000, credit Revenue $100,000 b. Debit Cash $100,000, credit Deferred Revenue $100,000 c. Debit Restricted Cash $100,000, credit Customer Deposits $100,000 d. Debit Restricted Cash $100,000, credit Revenue $100,000 Next An enterprise fund collects $100,000 cash for customer deposits to insure timely payment for services. What journal entry did the enterprise fund prepare? a. Debit Cash $100,000, credit Revenue $100,000 b. Debit Cash $100,000, credit Deferred Revenue $100,000 c. Debit Restricted Cash $100,000, credit Customer Deposits $100,000 d. Debit Restricted Cash $100,000, credit Revenue $100,000 Next An enterprise fund collects $100,000 cash for customer deposits to insure timely payment for services. What journal entry did the enterprise fund prepare? a. Debit Cash $100,000, credit Revenue $100,000 b. Debit Cash $100,000, credit Deferred Revenue $100,000 c. Debit Restricted Cash $100,000, credit Customer Deposits $100,000 d. Debit Restricted Cash $100,000, credit Revenue $100,000 Next An enterprise fund collects $100,000 cash for customer deposits to insure timely payment for services. What journal entry did the enterprise fund prepare? a. Debit Cash $100,000, credit Revenue $100,000 b. Debit Cash $100,000, credit Deferred Revenue $100,000 c. Debit Restricted Cash $100,000, credit Customer Deposits $100,000 d. Debit Restricted Cash $100,000, credit Revenue $100,000 Next An enterprise fund collects $100,000 cash for customer deposits to insure timely payment for services. What journal entry did the enterprise fund prepare? a. Debit Cash $100,000, credit Revenue $100,000 b. Debit Cash $100,000, credit Deferred Revenue $100,000 c. Debit Restricted Cash $100,000, credit Customer Deposits $100,000 d. Debit Restricted Cash $100,000, credit Revenue $100,000 Next An enterprise fund collects $100,000 cash for customer deposits to insure timely payment for services. What journal entry did the enterprise fund prepare? a. Debit Cash $100,000, credit Revenue $100,000 b. Debit Cash $100,000, credit Deferred Revenue $100,000 c. Debit Restricted Cash $100,000, credit Customer Deposits $100,000 d. Debit Restricted Cash $100,000, credit Revenue $100,000 Next

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the entry prepared was cDr restricted cash 100000 Cr customer deposit 100000 Restricted c... View the full answer