A company provided $12,000 of consulting services and was immediately paid in cash by the...
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Accounting
A company provided $12,000 of consulting services and was immediately paid in cash by the customer. Identify the journal entry below that properly records this transaction.
Question 27 options:
A)
Account Title
Debit
Credit
Accounts Receivable
12,000
Cash
12,000
B)
Account Title
Debit
Credit
Cash
12,000
Consulting Services Revenue
12,000
C)
Account Title
Debit
Credit
Consulting Services Revenue
12,000
Cash
12,000
D)
Account Title
Debit
Credit
Accounts Payable
12,000
Consulting Services Revenue
12,000
E)
Account Title
Debit
Credit
Accounts Receivable
12,000
Consulting Services Revenue
12,00
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