The Journal Entry to Record the Performance of Services for Cash

question 58

Multiple Choice

The journal entry to record the performance of services for cash would include

• A) a debit to Cash and a credit to Fees Income.
• B) a debit to Fees Income and a credit to Cash.
• C) a debit to Cash and a credit to Accounts Receivable.
• D) a debit to Accounts Receivable and a credit to Cash.

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Definitions:

MCR Command

Stands for Master Control Reset, a command in automation and control systems that resets the operation or process to a default or initial state.

Transformer

"An electric device that converts a circuit’s electrical energy into a circuit or circuits with different voltages and current ratings."

Controller

A device or set of devices that manages, commands, directs, or regulates the behavior of other devices or systems.

Main Power Lines

The primary electrical transmission and distribution lines carrying high voltage electricity from power plants to substations before distribution to consumers.