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Author Question: On May 3, Doe, Inc. performed 2,000 of services for a client on account. On May 27, Doe, Inc. ... (Read 15 times)

jrubin

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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


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makaylafy

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

True


jrubin

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Reply 2 on: Jul 5, 2018
Wow, this really help

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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