This topic contains a solution. Click here to go to the answer

Author Question: Clean Sweep, Inc performed 300 in services and collected 200 at the time of service. The journal ... (Read 23 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Answer to Question 1

D

Answer to Question 2

False




asmith134

  • Member
  • Posts: 576
Reply 2 on: Jul 5, 2018
Excellent


ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

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?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

For a complete list of videos, visit our video library