This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On May 3, Doe, Inc. performed 2,000 of services for a client on account. On May 27, Doe, Inc. ... (Read 80 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jul 5, 2018
On May 3, Doe, Inc. performed 2,000 of services for a client on account. On May 27, Doe, Inc. received 500 of the amount owed. The remaining balance will be collected on June 2. The May 27 journal entry will include a ________.
 
  A) credit to Revenue of 500
  B) credit to Accounts receivable of 500
  C) credit to Revenue of 2,000
  D) credit to Accounts payable of 500

Question 2

The abbreviation FOB stands for free on board.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

True


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jul 5, 2018
:D TYSM

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

A client is having an endoscopy performed by a physician who views the upper gastrointestinal intern A client is having an endoscopy performed by a physician who views the upper gastrointestinal intern
Example of Health Care Services Example of Health Care Services
An ultrasound being performed on a patient. An ultrasound being performed on a patient.
Participating in religious services is related to better coping skills, less severe stress ... Participating in religious services is related to better coping skills, less severe stress ...
Sample client goals from the Wellness Massage Pyramid. Sample client goals from the Wellness Massage Pyramid.
Testing the client’s ability to feel vibrations, the toe Testing the client’s ability to feel vibrations, the toe
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library