Which of the following accounting events could have caused these effects on Addison’s statements?
A. Issued common stock.
B. Earned revenue on account.
C. Earned cash revenue.
D. Collected cash from accounts receivable.
Answer:B
Which of the following accounting events could have caused these effects on Addison’s statements?
A. Issued common stock. B. Earned revenue on account. C. Earned cash revenue. D. Collected cash from accounts receivable.