Adjusting Entries: Accrued Revenues Video Lessons

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Problem: Langhurst Company sold hardware for $12,000 cash and $18,000 of hardware to credit customers. Which of the following is the correct journal entry to record this transaction? A) Cash, debit, $12,000; Accounts Receivable, credit, $18,000; Unearned Revenues, credit, $30,000 B) Cash, debit, $12,000; Accounts Receivable, debit, $18,000, Hardware Revenues, credit, $30,000 C) Cash, debit, $12,000; Unearned Revenues, debit, $18,000; Hardware Revenues, $30,000 D) Cash, debit, $30,000; Hardware Revenues, credit, $30,000

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Problem Details

Langhurst Company sold hardware for $12,000 cash and $18,000 of hardware to credit customers. Which of the following is the correct journal entry to record this transaction?

A) Cash, debit, $12,000; Accounts Receivable, credit, $18,000; Unearned Revenues, credit, $30,000

B) Cash, debit, $12,000; Accounts Receivable, debit, $18,000, Hardware Revenues, credit, $30,000

C) Cash, debit, $12,000; Unearned Revenues, debit, $18,000; Hardware Revenues, $30,000

D) Cash, debit, $30,000; Hardware Revenues, credit, $30,000

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Based on our data, we think this problem is relevant for Professor Head's class at IU.