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Home > Business & Careers > Accounting   »   WHAT account would I place this money in

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Old May 15, 2007, 04:23 PM
gwblount
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WHAT account would I place this money in
Bills are sent to for services provided in feb. for the amount of $800. What account would I debit the 800 to?
cash, sales revenue, accounts receivable, or retained earnings

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Old May 15, 2007, 05:33 PM   #2  
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Quote:
Originally Posted by gwblount
Bills are sent to for services provided in feb. for the amount of $800. What account would I debit the 800 to?
cash, sales revenue, accounts receivable, or retained earnings
Bills are sent to whom, you or someone else ?
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Old May 15, 2007, 08:17 PM   #3  
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Quote:
Originally Posted by RichardBondMan
Bills are sent to whom, you or someone else ?
this is a hw question & the mutiple choice answers are sales revenue, accounts receivable, cash & retained earnings
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Old May 16, 2007, 03:59 AM   #4  
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my answer would be unearned revenue, but for multiple choice I would pick sales revenue, but i may not be right, but i did just get a b in accounting if that matters....lol,,,but dont take my advice read your book!!!!!!!
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Old Jun 8, 2007, 09:32 AM   #5  
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From the sounds of it, you are sending the bill to someone.

Therefore, the JE would be:

Dr. AR 800
Cr. Sales 800

So you would debit AR.
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