Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.

-A transaction recorded as a debit to Accounts Receivable and a credit to a revenue account.

Question

Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.
 
-A transaction recorded as a debit to Accounts Receivable and a credit to a revenue account.

Quizplus · Accepted Answer

The Answer of Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.
 
-A transaction recorded as a debit to Accounts Receivable and a credit to a revenue account.

Indicate How Each Event Affects the Elements of Financial Statements