Solved

Antonio's Catered a Reception B)  Cash 500 Accounts Receivable 500\begin{array}{ | l | l | } \hline \text { Cash }& 500 \\\hline \text { Accounts Receivable } & 500 \\\hline\end{array}

Question 22

Multiple Choice

Antonio's catered a reception.The total price was $500.The customer paid half of the fee in cash and placed the remainder on account.The journal entry to record this transaction is:


A)
 Cash 250 Accounts Receivable 250 Catering Service Fees 500\begin{array} { | c | l | } \hline \text { Cash } & 250 \\\hline \text { Accounts Receivable } & 250 \\\hline \text { Catering Service Fees } & 500\\\hline\end{array}
B)
 Cash 500 Accounts Receivable 500\begin{array}{ | l | l | } \hline \text { Cash }& 500 \\\hline \text { Accounts Receivable } & 500 \\\hline\end{array}
C)
 Cash 500 Catering Service Fees 500\begin{array}{ | l | l | } \hline \text { Cash }& 500 \\\hline \text { Catering Service Fees } & 500 \\\hline\end{array}
D)
 Cash 500 Accounts Receivable 250 Catering Service Fees 250\begin{array} { | r | r | } \hline \text { Cash }&{ 500 } \\\hline \text { Accounts Receivable } & 250 \\\hline \text { Catering Service Fees } & 250 \\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents