Question

Buwono Assignments Do Homework Devon Consulting performed service for a client who could not pay immediately. Devon expected to collect the $4,700 the following month. A month later, Devon received $2,800 cash from the client 1. Record the two transactions on the books of Devon Consulting, Include an explanation for each transaction 2. Post to these T-accounts: Cash Accounts Receivable, and Service Revenue Compute each account balance and denote it as Bal Take a Quiz/Test 1. Record the two transactions on the books of Devon Consulting include an explanation for each transaction Record the service performed on account for $4.700. (Record dobits first, then credits. Select the explanation on the last line of the journal entry table) Journal Entry Accounts and Explanations Debit Credit torrumharthands and then click Check And

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Date Acwunlo & Explanaboo Debit Credit 4700 4700 Accounts Payable To service revenue (to record conseelling revenue) Cash 2800 To account Payable 2800 (To record receipt of amount from Devon Consulting T- Accounts Cash Accounts Receivable 2800. Balance 2800 2800 2800

Page Accounts Payable Revenue 4700 Cash Balance Gavice 2800 1900 4700 4700 Service Revenue Balance Account payabled 4900 4700 1 4200 14700