Nizwa Shopping Center received RO 2000 for equipment sold on account last month. The company should record a: Select one: O a Credit to Accounts Receivable for RO 2000 O b. Debit to Accounts Receivable for RO 2,000 O c Debit to Equipment for RO 2,000 O d. Credit to Cash for RO 2,000 O e. None of the answers are correct.

Nizwa Shopping Center received RO 2000 for equipment sold on account last month. The company should record a: Select one: O a Credit to Accounts Receivable for RO 2000 O b. Debit to Accounts Receivable for RO 2,000 O c Debit to Equipment for RO 2,000 O d. Credit to Cash for RO 2,000 O e. None of the answers are correct.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 2SEQ: On January 24, 20Y8, Niche Consulting collected $5,700 it had hilled its clients for services...

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