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Russell Company collected cash of $780 immediately after providing consulting services to a client. Which of the following general journal entries will Russell Company make to record this transaction?

Answer :

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The general journal entries that Russell Company will make to record this transaction is: Debit Cash, $780; credit Accounts Receivable $780.

Journal entries:

Since the company receive cash of the amount of $780  after rendering service to their client. The appropriate journal entry to record the transaction is:

Russell Company journal entry

Debit Cash $780

Credit Accounts Receivable $780

(To record account receivable)

Inconclusion the general journal entries that Russell Company will make to record this transaction is: Debit Cash, $780; credit Accounts Receivable $780.

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