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Home > Business & Careers > Accounting   »   General Ledger Posting

 
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Old Jun 9, 2007, 12:50 PM
jude1010
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General Ledger Posting

If you have the following, would you????

Received fees for this month's services $1,300
Debit Cash and Credit Services Earned?

and.... if you have Reimbursed the bus ddriver for gas expenses $80
Debit Gasoline Expenses and Credit Cash?

and....if you have Received payment for one month's services from customers previously billed $1,000
Debit Cash and Credit Accounts Receivable?

and...if you billed cusotmers who had not yet paid for this month's services $1,400
Debit Accounts Payable and Credit Services Earned?

and..one more....If you Received payments from customers on account $2,400
Debit Cash and Credit Accounts Receivable?

Thanks

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Old Jun 10, 2007, 08:37 AM   #2  
CaptainForest
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They are all correct, except for this one:

Quote:
Originally Posted by jude1010
and...if you billed cusotmers who had not yet paid for this month's services $1,400
Debit Accounts Payable and Credit Services Earned?

You should Debit Accounts Receivable and your Credit portion is correct.
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