Reference no: EM133000935
Problem 1: A law firm billed a client $ 1,800 for work performed in the current month. Which of the following general journal entries will the company make to record this transaction?
Option 1: Cash debit, $ 1,800; Credit to Income for unearned legal fees, $ 1,800.
Option 2: Debit to Income for debit legal fees $ 1,800; Credit to Accounts Receivable, $ 1,800.
Option 3: Debit to Accounts Receivable, $ 1,800; Credit to Income for unearned legal fees, $ 1,800.
Option 4: Cash debit, $ 1,800; Credit to Accounts Receivable, $ 1,800.
Option 5: Debit Accounts receivable, $ 1,800; Credit to Income for legal fees, $ 1,800.