If the Receivable for a Student Is $9,000 and the Student

question 95

Multiple Choice

If the receivable for a student is $9,000 and the student pays only $1,000 as the result of receiving a work study appointment from the school,what would be the appropriate debits?

• A) Debit Cash and Debit Discount on Revenue.
• B) Debit Cash and Debit Expense.
• C) Debit Cash and Debit accounts receivable.
• D) Debit Cash.

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