Business, 08.09.2020 14:01 citiboy45

Kincaid Company provided consulting services of $2,500 to a customer who paid $1,300 and promised to pay the remainder next month. Which of the following journal entries correctly records this transaction? A Cash 1,300
Accounts Payable 1,200
Consulting Revenue 2,500
B Cash 1,300
Accounts Receivable 1,200
Consulting Revenue 2,500
C Cash 1,300
Consulting Revenue 1,300
D Consulting Revenue 2,500
Cash 1,300
Accounts Receivable 1,200

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