Star Search billed clients P 3,600 for services rendered. Which of the following reflects the proper journal entry for this transaction? A. Debit Accounts Payable P 3,600; credit Agency Revenue P 3,600 B. Debit Accounts Receivable P 3,600; credit Agency Revenue P 3,600 C. Debit Cash P 3,600; credit Agency Revenue P 3,600 D. Debit Agency Revenue P 3,600; credit Accounts Receivable P 3,600

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 12SPA: SCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-11A, prepare a...
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Star Search billed clients P 3,600 for services rendered. Which of the following reflects the proper journal entry for this transaction? A. Debit Accounts Payable P 3,600; credit Agency Revenue P 3,600 B. Debit Accounts Receivable P 3,600; credit Agency Revenue P 3,600 C. Debit Cash P 3,600; credit Agency Revenue P 3,600 D. Debit Agency Revenue P 3,600; credit Accounts Receivable P 3,600
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