Annie's Catering provided $1,000 of catering services and billed its client for the amount owed. Given the choices below, determine the general journal entry that Annie's Catering will make to record this transaction.
A.
Catering Revenue | 1,000 | |
Accounts Receivable | 1,000 |
B.
Accounts Receivable | 1,000 | |
Catering Revenue | 1,000 |
C.
Accounts Receivable | 1,000 | |
Unearned Catering Revenue | 1,000 |
D.
Cash | 1,000 | |
Catering Revenue | 1,000 |
E.
Unearned Catering Revenue | 1,000 | |
Catering Revenue | 1,000 |
Answer: B
You might also like to view...
Answer the following statements true (T) or false (F)
1. Small businesses are somewhat less prone to ethical challenges than larger corporations. 2. In an action sequence, the motivation for the act is the only component that carries ethical weight. 3. Companies can be held liable for unethical behavior even if everything they do is legal. 4. Most Americans claim that they would not take a job from a company with an unethical reputation even if unemployed. 5. Research has demonstrated a positive causal relationship between corporate social responsibility and financial performance.
Control charts offer a simple method of displaying performance on hard measures over time against specific quality standards
Indicate whether the statement is true or false
Kenneth wants to be a master chess player. However, something is impeding his progress toward this goal. Kenneth works hard when he sits down to practice at the chessboard, and is willing to practice for months or years, however long it takes to become a master chess player. The problem seems to be he does not really know what and how to practice to achieve his goal. According to this scenario, what element of motivation is Kenneth missing?
a. Energy b. Direction c. Maintenance d. Leadership
Which of the following accounts showing a balance on the post-closing trial balance indicate an error?
A. Retained earnings. B. Accumulated Depreciation-Office Equipment. C. Depreciation Expense-Office Equipment. D. Salaries Payable. E. Office Equipment.