On May 28, B-Z, Inc received an order from a customer for 300 of services. On June 3, B-Z received an advance payment of 300 for the services. On July 1, B-Z performed all of the service for the customer.
The journal entry to record the revenue earned would be recorded on ________.
A) May 28 and would include a credit to Revenue of 300
B) June 3 and would include a credit to Revenue of 300
C) July 1 and would include a credit to Revenue of 300
D) June 3 and July 1 and each entry would include a credit to Revenue of 150
Question 2
The balance in an expense account is closed to a(n)
a. capital account.
b. revenue account.
c. drawing account.
d. income summary account.
The insect family Coenagrionidae is found in the order Odonata and the suborder Zygoptera.
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