Multiple choice: 19. Jackson Company received cash on account from customers, P2,300. Thed. Cash is debited.accountant would record ad. debit to income from services, P2,300.D. credit to income from services, P2,300.debit to accounts receivable, P2,300.d. credit to accounts receivable, P2,300.C.20. Ais a transaction that requires more than one debitmore than one credit to be recorded.a. complex entryb. double entryC. deluxe entryd. compound entry

Solution 19: Cash is real account, same is debited when cash is received based on principal "Debit…

a. debit to income from services, P2,300. 2,300. accountant would record a b. credit to income from services, P2,300. C. debit to accounts receivable, P2,300. d. credit to accounts receivable, P2,300.

a. debit to income from services, P2,300. 2,300. accountant would record a b. credit to income from services, P2,300. C. debit to accounts receivable, P2,300. d. credit to accounts receivable, P2,300.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section: Chapter Questions

Problem 4.1AP

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