In the statement of cash flows, the cash flows from financing activities result from debt and equity financing transactions

In the statement of cash flows, the cash flows from financing activities result from debt and equity financing transactions; including incurrence and repayment of debt, cash inflow from the sale of stock, and cash outflows to repurchase stock or pay cash dividends. True False

HH Consulting & Design provided $800 of consulting work and $100 of design work to the same

HH Consulting & Design provided $800 of consulting work and $100 of design work to the same client. It billed the client for the total amount and is expecting to collect from the customer next month. Which of the following general journal entries will HH Consulting & Design make to record this transaction?

Cash      900          

Consulting Revenue                       800

Design Revenue                               100

Accounts Receivable      900          

Consulting Revenue                       800

Design Revenue                               100

Cash      900          

Consulting Revenue                       800

Design Revenue                               100

Accounts Payable            900          

Design Revenue                               100

Consulting Revenue                       800

Design Revenue               100          

Consulting Revenue       800          

Accounts Receivable                      900

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