On September 1, 2015, Richard started a small business called "Ricky Rock Wrestling for Fun". "Ricky Rock" offers a part
Posted: Mon May 30, 2022 7:37 am
On September 1, 2015, Richard started a small business called
"Ricky Rock Wrestling for Fun". "Ricky Rock" offers a party package
designed for active kids, teen and adults that want to learn and
practice wrestling activities for fun by learning how to perform
headlocks, leg scissors and other tricks.
The following transaction occurred during the first month of
operations, please indicate how it should be recorded as a journal
entry:
Multiple Choice
Dr. Cash 1,000 and Cr. Revenue 1,000
Dr. Cash 1,000 and Cr. Accounts Receivables 1,000
Dr. Accounts Receivables 1,000 and Cr. Revenue 1,000
The economic event does not need a journal entry
None of the other journal entries are correct, it is another
journal entry
"Ricky Rock Wrestling for Fun". "Ricky Rock" offers a party package
designed for active kids, teen and adults that want to learn and
practice wrestling activities for fun by learning how to perform
headlocks, leg scissors and other tricks.
The following transaction occurred during the first month of
operations, please indicate how it should be recorded as a journal
entry:
Multiple Choice
Dr. Cash 1,000 and Cr. Revenue 1,000
Dr. Cash 1,000 and Cr. Accounts Receivables 1,000
Dr. Accounts Receivables 1,000 and Cr. Revenue 1,000
The economic event does not need a journal entry
None of the other journal entries are correct, it is another
journal entry