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3 years ago

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A business provided services to a cash customer to record this transaction A. an asset is debited, and a liability is credited.

B. an asset is debited, and a revenue is credited. C. an expense is debited, and Capital is credited. D. None of the above

1 answer:

velikii [3]3 years ago

3 0

<span>To record this transaction it would be an asset is debited, and a revenue is credited. </span>

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The answer is "venture capitalist".

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3 years ago

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1. The journal entry to record the credit sale by Scott's Cycles, using a perpetual inventory system, is as follows:

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Debit Accounts Receivable $1,500

Credit Sales Revenue $1,500

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To record the collection of the account and cash discounts allowed.

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Debit Cash $1,500

Credit Accounts Receivable $1,500

To record the collection of the account.

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Credit Accounts Payable $9,000

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<h3>What are the journal entries?</h3>

Journal entries are the accounting records kept by an entity about its daily transactions.

Journal entries identify the accounts involved in each transaction and whether they will be debited or credited.

Learn more about recording journal entries at brainly.com/question/17201601

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