3 Broadmor Industries collected $7,500 from a customer on account. What journal entry will be prepared by Broadmor to record this transaction? Multiple Choice Debit Cash and credit Accounts Receivable. Debit Cash and credit Service Revenue. Debit Accounts Receivable and credit Service Revenue. Debit Accounts Receivable and credit Cash.

Name: 3 Broadmor Industries collected $7,500 from a customer on account. Wha
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Description: 3 Broadmor Industries collected $7,500 from a customer on account. What journal entry will be prepared by Broadmor to record this transaction? Multiple Choice Debit Cash and credit Accounts Receivable. Debit Cash and credit Service Revenue. Debit Acc

Given that, Cash collected from customer on account = $7,500 Customer on account are those…

Answered: Broadmor Industries collected $7,500…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 3CE

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Broadmor Industries collected $7,500 from a customer on account. What journal entry will be prepared by Broadmor to record this transaction?

Multiple Choice

Debit Cash and credit Accounts Receivable.
Debit Cash and credit Service Revenue.
Debit Accounts Receivable and credit Service Revenue.
Debit Accounts Receivable and credit Cash.

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