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A debit to Cash of $10,500; a debit to Accounts Receivable for $3,000; a credit to Revenue for $10,500. A debit to Cash of $10,500; a credit to...
B. A debit to Cash of $10,500; a debit to Accounts Receivable for $3,000; a credit to Revenue for $10,500. A. A debit to Cash of $10,500; a credit to Revenue $10,500. Which of the following is appropriate? A. A debit to Cash of $10,500; a credit to Revenue $10,500. B. A debit to Cash of $10,500; a debit to Accounts Receivable for $3,000; a credit to Revenue for $10,500. C. A credit to Cash for $7,500 and a debit to Revenue for $7,500. D. A debit to Revenue for $7,500; a debit to Accounts Receivable for $3,000; a credit to Net Income for $10,500. A. Insurance Expense. 11. All of the following accounts normally have a debit balance except for which one? A. Insurance Expense. B. Buildings. C. Service Revenue. D. Prepaid Rent. 12. Johnson Company began operations on July 1. Johnson Company provides services to customers during July totaling $24,000. Johnson received cash of $18,000 and billed customers for the balance of $6,000. What is the balance of Accounts Receivable acc
