Claremore Company received $7,000 as payment from Tulsa Company for a sale made on account in the previous month. Which of the following is the journal entry the company should record? a. Cash 7,000 Accounts Receivable 7,000 b. Cash 7,000 Fees Earned 7,000 C. Accounts Receivable 7,000 Cash 7,000 d. Accounts Receivable 7,000 Fees Earned 7,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Claremore Company received $7,000 as payment from Tulsa Company for a sale made on account in the previous month. Which of the following is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is a founding principle of the U. S. economy? Saving money Hard work Free enterprise Private property
Answers (2)
Reeves Incorporated is issuing a note payable to four individuals for $5,000 each. Which individual will end up paying the MOST in interest, assuming all individuals pay in full on the maturity date? A : Individual 4 has an annual interest rate of 3.
Answers (1)
Most of the public debt is owed to citizens and domestic institutions. This is one reason that the public debt:
A. Crowds out private investment
B. Does not impose a burden on future generations
C. Has a procyclical economic effect on the economy
D.
Answers (1)
Which license allows you to register as a registered representative (RR) or a stockbroker? A. series 3 B. series 6 C. series 7 D. series 63
Answers (1)
Typically, direct contact and liaison roles provide sufficient coordination when more than two functions or divisions share many common problems.
Answers (1)
New Questions in Business
Which is the most common ethical dilemma that financial planners face?
Answers (2)
Ribb Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling Price $190 100% Variable Expenses 57 30% Contribution Margin $133 70% Fixed expenses are $913,000 per month.
Answers (1)
Is white wine homogeneous or heterogeneous?
Answers (1)
Nelson, a minor, misrepresents his age when agreeing to a contract to buy a restored, antique soda vending machine from old is new again, inc. ordinarily, nelson can disaffirm the contract
Answers (1)
The national restaurant association states that the restaurant industry has an economic effect of more than $1.7 trillion annually in the united states, with every dollar spent in restaurants generating an estimated total of $2.
Answers (1)