Assume that the chart of accounts for Roth Co. includes the…
Questions
Assume thаt the chаrt оf аccоunts fоr Roth Co. includes the following accounts: Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 8, the company received cash from a cash customer for cash job completed $10,000. Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $10,000 amount. JOURNAL page 2 date description p.ref. debit CREDIT 7/08/Y6 (1) $10,000 (2) $10,000