topeka bike company received a $940 check from a customer for the balance due. the transaction was erroneously recorded as a debit to cash $490 and a credit to service revenue $490. the correcting entry isbr br br 1. debit cash, $940 credit accounts receivable, $940.br 2. debit accounts receivable, $940 credit cash, $450 and service revenue, $490.br 3. debit cash, $450 and service revenue, $490 credit accounts receivable, $940.br 4. debit cash, $450 and accounts receivable, $490 credit service revenue, $940. div
Answer by Matt D. (Purchased 1 times and rated
)
|
|