A Company Provided $12,000 of Consulting Services on Account $\begin{array}{|l|r|r|}\hline \text { Accounts Payable } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}$

question 99

Multiple Choice

A company provided $12,000 of consulting services on account. The customer promises payment in 30 days. Identify the journal entry below that properly records this transaction.

• A) \(\begin{array}{|l|r|r|}
• \hline \text { Accounts Payable } & 12,000 & \\
• \hline \text { Cash } & & 12,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array}{|l|r|r|}
• \hline \text { Cash } & 12,000 & \\
• \hline \text { Consulting Services Revenue } & & 12,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array}{|l|r|r|}
• \hline \text { Consulting Services Revenue } & 12,000 & \\
• \hline \text { Cash } & & 12,000 \\
• \hline
• \end{array}\)
• D) \(\begin{array}{|l|r|l|}
• \hline \text { Accounts Payable } & 12,000 \\
• \hline \text { Consulting Services Revenue } && 12,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array}{|l|r|l|}
• \hline \text { Accounts Receivable } & 12,000 & \\
• \hline \text { Consulting Services Revenue } & & 12,000 \\
• \hline
• \end{array}\)

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