NJW Company provided $5,500 of legal services. The client paid $2,200 up front and agreed to pay the remaining $3,300 in two weeks. Select the correct journal entry from the options below to record the transaction:
Multiple Choice
a debit to Cash for $2,200, a debit to Accounts Receivable for $3,300, and a credit to Fees Income for $5,500.
a debit to Fees Income for $3,300, a debit to Cash for $2,200, and a credit to Accounts Receivable for $5,500.
o debit to Cash for $2,200, a credit to Accounts Payable for $3,300, and a credit to Fees Income for $5,500.
a debit to Fees Income for $5,500, o credit to Cash for $2200, and a credit to Accounts Receivable for $3,300.