Debit Accounts Assignment | Top Universities

A law firm collected $1,800 in advance for work to be performed in three months. Which of the following general journal entries will the firm make to record this transaction?

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Debit Accounts Receivable, $1,800; credit Unearned Legal Fees Revenue, $1,800.

Debit Cash, $1,800; credit Unearned Legal Fees Revenue, $1,800.

Debit Accounts Receivable, $1,800; credit Legal Fees Revenue, $1,800.

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Debit Legal Fees Revenue, $1,800; credit Accounts Receivable, $1,800.

Debit Cash, $1,800; credit Accounts Receivable, $1,800. Get Accounting homework help today

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