What the consultant will record the transaction by

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Problem 1: An engineering consultant provided $300 of services to a client; the client paid $50 when the bill was submitted and will pay the balance within a week. Under the accrual accounting system, the consultant will record this transaction by:

Group of answer choices

A. Dr Fees revenue 300, Cr Fees receivable 250, Cr Cash 50

B. Dr Cash 50, Dr Fees receivable 250, Cr Fees revenue 300

C. Dr Cash 50, Dr Fees revenue 250, Cr Fees receivable 300

D. Dr Cash 50, Cr Fees revenue 50

Reference no: EM132934288

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