If cash is received from a customer, the customer's name should be written in the Account Credited column of the cash receipts journal. a. True b. False A journal entry can consist of no more than one account to be debited and one account to be credited...
The journal entry to record this transaction would include a: A)Debit to Cash of $45,000, a debit to Factoring Fee Expense of $1,350, and credit to Accounts Receivable of $43,650. B)Debit to Cash of $45,000 and a credit to Accounts Receivable of $45,000. C)Debit to Cash of ...