A Collection of an Account Receivable Was Erroneously Recorded and Posted

question 72

Multiple Choice

A collection of an account receivable was erroneously recorded and posted as a debit to Cash and a credit to Consulting Fees Revenue. The journal entry to correct this error would be

• A) A debit to Cash and a credit to Accounts Receivable
• B) A debit to Accounts Receivable and a credit to Consulting Fees Revenue
• C) A debit to Consulting Fees Revenue and a credit to Unearned Consulting Fees
• D) A debit to Consulting Fees Revenue and a credit to Accounts Receivable

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Streaming Video

A method of transmitting video content in real-time over the internet, allowing users to watch videos without downloading them first.

Downloading Video

Downloading video entails transferring video files from the internet or another network to a local device like a computer, tablet, or smartphone, so it can be watched offline.

Support Software

Software applications designed to help users solve specific problems or perform specific tasks, such as troubleshooting or customer assistance.