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Author Question: Classic Accessories, Inc sold merchandise on account to Hi-View Industries for 2,950 . What is the ... (Read 68 times)

sc00by25

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on: Jul 6, 2018
Classic Accessories, Inc sold merchandise on account to Hi-View Industries for 2,950 . What is the journal entry Classic Accessories will use to record this transaction?
 a. Account Receivable, Hi-View DR
  Sales CR
   b. Cash DR
  Sales CR
   c. Sales DR
  Accounts Receivable, Hi-View CR
   d. Sales DR
  Cash CR

Question 2

The availability criterion for governmental fund revenue recognition applies to governmental fund
 
  a. property tax revenues.
  b. charges for services.
  c. intergovernmental revenues.
  d. interest and penalties on taxes.
  e. All of the above


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polinasid

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Reply #1 on: Jul 6, 2018
Answer to Question 1

a

Answer to Question 2

E


sc00by25

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Reply 2 on: Jul 6, 2018
Excellent

cam1229

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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