Homework Answers
Option C is the answer
.
The entry to record this transaction will include
Debit - Cash (Cash being a real account, debited when it comes in)
Credit - Accounts receivable (Accounts Receivable being an asset decreases due to this transaction, hence credited)
Therefore 'cash' is the answer
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1. An account is made up of which three characteristics? a. A title, the left side...
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1. An account is made up of which three characteristics? a. A title, the left side (debit side), and the right side (credit side). b. The T account, the left side (debit side), and the right side (credit side). c. A title, the T account and the right side (credit side). d. A title, the left side (debit side) and the T account. 23514 2. There are 5 major types of accounts. They are: a. Assets, Liabilities, Drawing, Revenue, and...
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