Rex & Co. received $81,000 from its customers on 2 Feb 2021. Half of the goods...

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Rex & Co. received $81,000 from its customers on 2 Feb 2021. Half of the goods will be delivered on 6 Feb 2021 and the balance of goods will be delivered on next day. What is the correct Journal Entry on 2 Feb 2021? Debit Cash $81,000 Credit Accounts Receivable (AR) $81,000 Debit AR $81,000 Credit Cash $81,000 Debit Cash $81,000 Credit Unearned Revenue $81,000 Debit Cash $40,500 Credit AR $40,000 A. В. C. D. O a Debit AR $81,000 Credit Cash $81,000 O b Debit Cash $81,000 Credit Unearned Revenue $81,000 O c Debit Cash $40,500 Credit AR $40,000 Debit Cash $81,000 Cfedit Accounts Receivable (AR) $81,000 Rex & Co. received $81,000 from its customers on 2 Feb 2021. Half of the goods will be delivered on 6 Feb 2021 and the balance of goods will be delivered on next day. What is the correct Journal Entry on 2 Feb 2021? Debit Cash $81,000 Credit Accounts Receivable (AR) $81,000 Debit AR $81,000 Credit Cash $81,000 Debit Cash $81,000 Credit Unearned Revenue $81,000 Debit Cash $40,500 Credit AR $40,000 A. В. C. D. O a Debit AR $81,000 Credit Cash $81,000 O b Debit Cash $81,000 Credit Unearned Revenue $81,000 O c Debit Cash $40,500 Credit AR $40,000 Debit Cash $81,000 Cfedit Accounts Receivable (AR) $81,000

Answer rating: 100% (QA)

Answers The correct answer is Debit Cash 81000 Credit Unearned Revenue 810... View the full answer