Agatha Panthis Landscape Architect Company Earned $2,500 of Revenue Collecting

Agatha Panthis Landscape Architect Company earned $2,500 of revenue collecting $1,000 immediately and will correct the remaining amount in 30 days. The journal entry to record this transaction is:

A) Debit Fees Income $2,500; Credit Cash $1,000; credit Accounts Receivable $1,500
B) Debit Cash $1,000; Debit Accounts Receivable $1,500; Credit Fees Income $2,500
C) Debit Fees Income $2,500; Credit Accounts Receivable $2,500
D) Debit Cash $1,000; Credit Fees Income $1,000

Correct Answer:

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