Consider the following transactions from Tabor Company's point of view and from Acme
Company's point of view. Hint: from the group assignment.
I. Tabor provides website design services to Acme for $ in cash.
II Tabor provides website design services to Acme Company for $ on account,
which Tabor expects Acme to pay in the future.
Which of the following is true about what the companies record?
A In the journal entries for I and II Tabor Company debits cash
B In the journal entries for I and II Acme Company credits cash
C When Tabor Company credits cash Acme Company debits cash
D When Tabor Company debits accounts receivable Acme Company credits
accounts payable
E When Tabor Company credits revenue Acme Company credits
expense
