Question

Adriana Graphic Design receives $1,500 from a client billed in a previous month for services provided. What general journal entries will Adriana Graphic Design make to record this transaction?

Answer 1

Answer:

Dr Cash $1,500

Cr Account Receivable $1,500

Explanation:

Based on the information given we were told that Adriana receives the amount of $1,500 from a client that was billed in a previous month for services provided which therefore means that the appropriate general journal entries that Adriana Graphic Design will make to record this transaction is:

Dr Cash $1,500

Cr Account Receivable $1,500