Question

A law firm billed a client $1,800 for entries will the firm make to record this transaction? work performed in the current month. Which of the following general journal 25) Debit Cash, S1,800; credit Unearned Legal Fees Revenue, $1,800. ) Deb C) De D) Debit Cash, $1,800; credit Accounts Receivable, $1,800. it Legal Fees Revenue, $1,800; credit Accounts Receivable, $1,800. bit Accounts Receivable, $1,800; credit Unearned Legal Fees Revenue, $1,800. E) Debit Accounts Receivable, $1,800; credit Legal Fees Revenue, $1,800

Answer 1

Answer:

E) Debit Accounts Receivable, $1,800; credit Legal Fees Revenue, $1,800

Explanation:

The Journal Entry is as follows :-

Accounts Receivable Dr,                 $1,800

         To Legal fees revenues         $1,800

(Being the billing is recorded)

Therefore for passing the journal entry, we debited the Accounts Receivable $1,800 with the credited Legal fees revenues $1,800 so that the proper posting can be done.