ntity G rendered $1,400 of services to a customer on account. The journal entry to record...
ntity G rendered $1,400 of services to a customer on account. The journal entry to record this transaction will include
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a debit to Cash of $1,400. |
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a debit to Service Revenue of $1,400. |
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a debit to Accounts Receivable of $1,400. |
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a credit to Accounts Payable of $1,400. |
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ntity G rendered $1,400 of services to a customer on account.
The journal entry to record...
1) Entity G rendered $1,400 of services to a customer on account. The journal entry to...
1) Entity G rendered $1,400 of services to a customer on account. The journal entry to record this transaction will include a credit to Accounts Payable of $1,400. a debit to Service Revenue of $1,400. a debit to Cash of $1,400. a debit to Accounts Receivable of $1,400. 2)
. When a business sends a bill for $200 to a customer for services rendered, the...
. When a business sends a bill for $200 to a customer for services rendered, the journal entry to record this transaction will include a $200 credit to Accounts Receivable. True False
The journal entry to record fees of $5,000 rendered on account is a Debit to Accounts...
The journal entry to record fees of $5,000 rendered on account is a Debit to Accounts Payable for $5,000 and a Credit to Fees for $5,000. Select one: True • False
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:...
Requirements 2 and 3. Prepare T-Accounts for each account. Insert in each T-account its September 30...
Requirements 2 and 3. Prepare T-Accounts for
each account. Insert in each T-account its September 30 balance as
given (example: Cash $2,300). Then, post the October transactions
to the T-accounts. Compute the balance in each account.
Common Stock Bal Bal (a) (b) 8,500 4,3001 Cash 23001 4,3001 6,400 (c) 14001 (th) 50001 (e) 4,400 1,700 3,300 Bal Bal 10809 Accounts Receivable 3,500 (e) Retained Eamings Bal Bal 2,8001 1,400 Bal 21001 Supplies Dividends Service Revenue Equipment 11,500 Bal Rent Expense...
1. On July 1, 2020, a business provides service for a customer and sent them a...
1. On July 1, 2020, a business provides service for a customer and sent them a bill for $10,000. The journal entry to record this transaction includes a debit to____ and a credit to ____. a. cash b. accounts receivable c. revenue d. accounts payable 2. On August 1, 2020 a business receives a cash payment for a customer to pay on the customer's account for $20,000. The journal entry would include a debit to ____and a credit to ____....
Record the entry to close the dividends account. Record the entry to close the expense accounts...
Record the entry to close the dividends account.
Record the entry to close the expense accounts using the
retained earnings account.
I only need help with those two part thank you!!
Credits Debits 28,700 18, see 31,00 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 9, 3ee 10, see 49, see 9,400 77, 7ee 77,700 The following is a summary of the transactions for the year: a. Service revenue, $134,000, of which $40,200...
Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry...
Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry to record this sale transaction would be: Multiple Choice Debit Cash of $625 and credit Sales $625. O Debit Cash of $625 and credit Accounts Receivable $625. Debit Accounts Receivable $625 and credit Sales $625. Debit Accounts Receivable $625 and credit Cash $625. C) Debit Soles $625 and credit Accounts Receivable $625.
Record the adjusting entry for the spa services obtained by a customer by using a $70...
Record the adjusting entry for the spa services obtained by a customer by using a $70 gift certificate that was purchased earlier in the month. Use of the gift certificate to pay for these services had not yet been recorded. Note: Enter debits before credits. Transaction Credit General Journal Service Revenue + Service Revenue Debit 701
The journal entry that records the collection of cash from a customer for payment on account...
The journal entry that records the collection of cash from a customer for payment on account for a sale that was recorded previously includes a debit to: Multiple Choice Accounts Receivable and credit to Cash. Cash and credit to Accounts Payable. Cash and credit to Accounts Receivable Accounts Payable and credit to Cash.
The journal entry to record fees of $5,000 rendered on account is a Debit to Accounts Payable for $5,000 and a Credit to Fees for $5,000. Select one: True • False
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:...
Requirements 2 and 3. Prepare T-Accounts for
each account. Insert in each T-account its September 30 balance as
given (example: Cash $2,300). Then, post the October transactions
to the T-accounts. Compute the balance in each account.
Common Stock Bal Bal (a) (b) 8,500 4,3001 Cash 23001 4,3001 6,400 (c) 14001 (th) 50001 (e) 4,400 1,700 3,300 Bal Bal 10809 Accounts Receivable 3,500 (e) Retained Eamings Bal Bal 2,8001 1,400 Bal 21001 Supplies Dividends Service Revenue Equipment 11,500 Bal Rent Expense...
Record the entry to close the dividends account.
Record the entry to close the expense accounts using the
retained earnings account.
I only need help with those two part thank you!!
Credits Debits 28,700 18, see 31,00 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 9, 3ee 10, see 49, see 9,400 77, 7ee 77,700 The following is a summary of the transactions for the year: a. Service revenue, $134,000, of which $40,200...
Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry to record this sale transaction would be: Multiple Choice Debit Cash of $625 and credit Sales $625. O Debit Cash of $625 and credit Accounts Receivable $625. Debit Accounts Receivable $625 and credit Sales $625. Debit Accounts Receivable $625 and credit Cash $625. C) Debit Soles $625 and credit Accounts Receivable $625.
Record the adjusting entry for the spa services obtained by a customer by using a $70 gift certificate that was purchased earlier in the month. Use of the gift certificate to pay for these services had not yet been recorded. Note: Enter debits before credits. Transaction Credit General Journal Service Revenue + Service Revenue Debit 701
The journal entry that records the collection of cash from a customer for payment on account for a sale that was recorded previously includes a debit to: Multiple Choice Accounts Receivable and credit to Cash. Cash and credit to Accounts Payable. Cash and credit to Accounts Receivable Accounts Payable and credit to Cash.
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