Ted Catering received $920 cash in advance from a customer for catering services to be provided in three months. Determine the general journal entry that Ted Catering will make to record the cash receipt. Multiple Choice

Respuesta :

Journal entry

Date             account and explanation           Debit        credit

                       Cash                                           920

             Unearned catering revenue                                 920

A magazine entry is a record of a business transaction for your business books. In double-entry bookkeeping, you're making a minimum of two magazine entries for every transaction. Due to the fact, that a transaction can create a variety of changes in an enterprise, a bookkeeper tracks all of them with magazine entries.

An example of journal access consists of the purchase of machinery through us of an in which the machinery account will be debited, and the cash account can be credited.

An instance of a magazine is a diary in which you write approximately what takes place to you and what you're questioning. An instance of a magazine is the new England magazine of medication, in which new research is posted which might be applicable to doctors and medicinal drugs.

Learn more about the Journal entry here https://brainly.com/question/14279491

#SPJ4

ACCESS MORE