Journal Entries

Question

Sep 28, 2007, 11:09 AM

lauraewells

New Member

Join Date: Sep 2007

Posts: 1

Journal Entries

how do i journalize these transactions?

"Recorded services provided on account for the period May 1-15, $5,100"

"Recorded cash from cash clients for fees earned during the period May 1-15, $7,380"

what do i debit/credit?

please help, i have a test on monday and this is the take home portion of the test and i understand how to enter the other transactions but not these 2

Answers

Sep 28, 2007, 05:24 PM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,658	Dr. Services Expense 5,100 Cr. AP 5,100 Dr. Cash 7,380 Cr. Revenue 7,380

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