Answer:
The correct journal entry for the following is as:
Accounts Receivable A/c........................ Dr $1,000
Catering Revenue A/c.......................Cr $1,000
Explanation:
The accounting journal entry for the following would be:
Accounts Receivable A/c........................ Dr $1,000
Catering Revenue A/c.......................Cr $1,000
As the catering service is provided by the company which worth $1,000, so the account of accounts receivable is debited as the money is owed to the company through the debtor and it is against the service, so the account of catering revenue is credited.
