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Author Question: Clean Sweep, Inc performed 300 in services and collected 200 at the time of service. The journal ... (Read 50 times)

asmith134

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on: Jul 5, 2018
Clean Sweep, Inc performed 300 in services and collected 200 at the time of service. The journal entry to record this transaction would include a ________.
 
  A) credit to Revenue of 200
  B) debit to Cash of 300
  C) credit to Accounts receivable of 300
  D) debit to Accounts receivable of 100

Question 2

A sale of 750 on account, subject to a sales tax of 6, would be recorded as an account receivable of 750.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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brbarasa

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

D

Answer to Question 2

False


asmith134

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

amit

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Reply 3 on: Yesterday
Excellent

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