Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on april 2, 2020 jones consulting receives a $15,0

On April 2, 2020 Jones Consulting receives a $15,000 cash advance from a client for...

70.2K

Verified Solution

Question

Accounting

image
On April 2, 2020 Jones Consulting receives a $15,000 cash advance from a client for consulting services that will be started and completed in June, 2020. The journal entry to record this transaction in April, 2020 is: Debit Cash and credit Revenue $15,000 Debit Cash and credit Due From Client $15,000 Debit Cash and credit Unearned Revenue $15,000 Debit Revenue and credit Cash $15,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

(The Ramayana of Valmiki) Choose one specific decision in The Ramayana where Rama honors dharma through...

Psychology
Q

In one experiment the students allow the block to oscillate after stretching the spring a...

Physics
Q

Rationalizing Denominators of Radical Expressions1/?75z=?3z/15z

Algebra
Q

Factor out the greatest common factor 6c 4c 7 13 4c 7 6c 4c 7...

Algebra
Q

Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs for the second...

Accounting
Q

Exercise 8-1 (Algo) Schedule of Expected Cash Collections [LO8-2] Silver Company makes a product that...

Accounting
Q

Kovalenko, Inc Bond Issuance Prepare the journal entry to record the issuance of one bond....

Accounting
Q

The Poole Company reported the following income for Year 2: Sales Cost of goods sold...

Accounting
Q

0. Pearl Corporation bought Noodle Bowl Limited at the end of the fiscal year. While...

Accounting
Q

Coupon payments are fixed, but the percentage return that investors receive varies based on market...

Finance
Q

Mi vida como estudiante durante la pandemia

Finance
Q

Assume that Kendal Corp. has an outstanding bond issue with a par value of $1,000...

Finance