Question

Question Mode Multiple Select Question Select all that apply At the end of the previous year, a customer owed Chocolates R US $500. On January 31 of the current year, the customer paid $900 total, which included the $500 owed plus $400 owed for the current month of January. What would be the journal entry on January 31 that reflects this

Answer 1

January 31

Dr Cash $900.

Cr Service revenue $400.

Cr Accounts receivable $500.

Step-by-step explanation:

Preparation of the journal entry

Based on the information given What would be the journal entry on January 31 that reflects this are :

January 31

Dr Cash $900.

Cr Service revenue $400.

Cr Accounts receivable $500.