Accounts Receivable Question

Accounting
Tutor: None Selected Time limit: 1 Day

Trails End Vacations has a $2,200 account receivable from the Sun City Kiwanis. On March 11, the Kiwanis makes a partial payment of $1,050 to Trails End. The journal entry made on March 11 by Trails End to record this transaction includes:
Choose one answer.
a. A debit to the Cash account of $1,150
b. A debit to the Accounts Receivable account of $1,150
c. A credit to the Service Revenue account of $1,050
d. A credit to the Accounts Receivable account of $1,050

Sep 10th, 2015

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ANSWER: d. A credit to the Accounts Receivable account of $1,050

Complete entry

Debit: Cash                             $1,050

Credit: Accounts receivable                    $1,050


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Sep 10th, 2015

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