Question

On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May 13.

On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May 13. 


Required: 

For Juanita Construction, record the service on account on May 7 and the collection of cash on May 13.

3 0
Add a comment Improve this question Transcribed image text
Answer #1
May 7 Accounts Receivable 4,000
Service revenue 4,000
May 13 Cash 4,000
Accounts Receivable 4,000
Add a comment
Know the answer?
Add Answer to:
On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May 13.
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • On May 7, a company provides services on account to an individual for $2,400. The individual...

    On May 7, a company provides services on account to an individual for $2,400. The individual pays for those services on May 13. Required: For the company, record the service on account on May 7 and the collection of cash on May 13. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Record the service revenue on account. Record the cash received on account.

  • Exercise 5-1A Record credit sale (LO5-1) PD HW i Exercise 5-1A Record credit sale (L05-1) On...

    Exercise 5-1A Record credit sale (LO5-1) PD HW i Exercise 5-1A Record credit sale (L05-1) On May 7, Juanita Construction provides services on account to Michael Wolfe for $3,700. Michael pays for those services on May 13. Required: For Juanita Construction, record the service on account on May 7 and the collection of cash on May 13. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal...

  • On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms...

    On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 

  • On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,100, terms...

    On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,100, terms 2/10, n/30. Grace pays fo those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the cash received on account. Note:...

  • On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms...

    On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20 Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the service revenue on account. Note:...

  • On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms...

    On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the cash received on account. Note: Enter...

  • On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms...

    On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace does not pay for services until March 31, missing the 2% sales discount. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 31. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list 1 Record the service revenue...

  • 18 On September 8, a company provides services on account to a customer for $1,800, terms...

    18 On September 8, a company provides services on account to a customer for $1,800, terms 4/10. n/30. The customer pays for those services on September 15. Record the transactions for the company when the services are provided on September 8 and when the cash is collected on September 15. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field) 7 points View transaction list 02:10:41 Journal entry worksheet < 1...

  • On September 8, a company provides services on account to a customer for $1,800, terms 5/10,...

    On September 8, a company provides services on account to a customer for $1,800, terms 5/10, 1/30. The customer pays for those services on September 15. Record the transactions for the company when the services are provided on September 8 and when the cash is collected on September 15. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the service revenue on account. Note:...

  • On September 8, a company provides services on account to a customer for $1,800, terms 3/10,...

    On September 8, a company provides services on account to a customer for $1,800, terms 3/10, n/30. The customer pays for those services on September 15. Record the transactions for the company when the services are provided on September 8 and when the cash is collected on September 15. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the service revenue...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT