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A company provided $12,000 of consulting services on account. The customer promises payment in 30...

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Question

Accounting

A company provided $12,000 of consulting services on account. The customer promises payment in 30 days. Identify the journal entry below that properly records this transaction.

Question 28 options:

A)

Account Title Debit Credit
Accounts Payable 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 12,000

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