A business maintains subsidiary accounts for each of its customers. On May 15, the business sells services on account: $ 2 comma 100$2,100 to customer J. Simmons; $ 4 comma 400$4,400 to customer A. Jones; and $ 1 comma 900$1,900 to customer J. Williams. Which journal entry is needed to record this sales transaction?
A.
|
May 15 |
Accounts Receivable minus− J. Simmons |
2 comma 1002,100 |
|
|
Accounts Receivable minus− A. Jones |
4 comma 4004,400 |
||
|
Accounts Receivable minus− J. Williams |
1 comma 9001,900 |
||
|
Service Revenue |
8 comma 4008,400 |
B.
|
May 15 |
Accounts Receivable |
8 comma 4008,400 |
|
|
Service Revenue |
8 comma 4008,400 |
C.
|
May 15 |
Accounts Receivable Control |
8 comma 4008,400 |
|
|
Sales Revenue |
8 comma 4008,400 |
||
|
May 15 |
Accounts Receivable minus− J. Simmons |
2 comma 1002,100 |
|
|
Accounts Receivable minus− A. Jones |
4 comma 4004,400 |
||
|
Accounts Receivable minus− J. Williams |
1 comma 9001,900 |
||
|
Accounts Receivable minus− Control |
8 comma 4008,400 |
D.
|
May 15 |
Service Revenue |
8 comma 4008,400 |
|
|
Accounts Receivable |
8 comma 4008,400 |
Enjoy 24/7 customer support for any queries or concerns you have.
Phone: +1 213 3772458
Email: support@gradeessays.com