On October 3, Josh Antonio, a Carpenter, Received a Cash

question 107

Multiple Choice

On October 3, Josh Antonio, a carpenter, received a cash payment for services previously billed to a client. Josh paid his telephone bill, and he also bought supplies on credit. For the three transactions, at least one of the entries will include a

• A) credit to Retained Earnings.
• B) credit to Notes Payable.
• C) debit to Accounts Receivable.
• D) credit to Accounts Payable.