XYZ Company trims some more trees for a customer. They billed the customer for $4,000. They have not been paid yet. The journal entry would include: Group of answer choices Credit to Revenues of $4,000 Credit to Accounts Receivable of $4,000 Debit to cash of $4,000 No entry because there is no revenue yet.
XYZ Company trims some more trees for a customer. They billed the customer for $4,000. They have not been paid yet. The journal entry would include: Group of answer choices Credit to Revenues of $4,000 Credit to Accounts Receivable of $4,000 Debit to cash of $4,000 No entry because there is no revenue yet.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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XYZ Company trims some more trees for a customer. They billed the customer for $4,000. They have not been paid yet. The journal entry would include:
Group of answer choices
Credit to Revenues of $4,000
Credit to Accounts Receivable of $4,000
Debit to cash of $4,000
No entry because there is no revenue yet.
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