Amount column of the revenue journal, Accounting Basics

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Amount column of the revenue journal

At the end of the month, the total of the amount column of the revenue journal is posted as a:

1. debit to Cash and a credit to Accounts Payable

2. debit to Accounts Receivable and a credit to Cash

3. debit to Accounts Receivable and a credit to Fees Earned

4. debit to Cash and a credit to Fees Earned

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Accounting Basics: Amount column of the revenue journal

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Accounting Basics: Amount column of the revenue journal

Reference No:- TGS067747

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Acquirer record as goodwill upon acquiring target

Q : Where have you gone, charming billy

Q : Differentiate that disclosure requirement

Q : Organization''s financial performance

Q : Amount column of the revenue journal

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Q : Prepare journal entries to record the transactions

Q : Find firm-s total profit at optimum price-output combination

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Amount column of the revenue journal

Reference No:- TGS067747

Recent Questions Asked Accounting Basics

Q : Acquirer record as goodwill upon acquiring target

Q : Where have you gone, charming billy

Q : Differentiate that disclosure requirement

Q : Organization''s financial performance

Q : Amount column of the revenue journal

Q : Strength of the dollar on domestic and global economies

Q : Prepare journal entries to record the transactions

Q : Find firm-s total profit at optimum price-output combination

Q : Deduction for employment-related expenses

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