A law firm collected $1,800 in advance for work to be performed in three months. Which of the following general journal entries will the firm make to record this transaction? Multiple Choice Debit Accounts Receivable, $1,800; credit Services Revenue, $1,800. Debit Services Revenue, $1,800; credit Accounts Receivable, $1,800. Debit Cash, $1,800; credit Accounts Receivable, $1,800. Debit Accounts Receivable, $1,800; credit Unearned Revenue, $1,800. Debit Cash, $1,800; credit Unearned Revenue, $1,80O.

A law firm collected $1,800 in advance for work to be performed in three months. Which of the following general journal entries will the firm make to record this transaction? Multiple Choice Debit Accounts Receivable, $1,800; credit Services Revenue, $1,800. Debit Services Revenue, $1,800; credit Accounts Receivable, $1,800. Debit Cash, $1,800; credit Accounts Receivable, $1,800. Debit Accounts Receivable, $1,800; credit Unearned Revenue, $1,800. Debit Cash, $1,800; credit Unearned Revenue, $1,80O.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 8EA: Maddie Inc. has the following transactions for its first month of business. A. What are the...

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