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Home > Business & Careers > Accounting   »   year-end adjusting entry

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Old Sep 30, 2007, 12:01 AM
ria_jii
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year-end adjusting entry
Services totaling $780 had been performed but not yet billed or recorded.

would this be consider an no entry

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Old Sep 30, 2007, 01:35 AM   #2  
CaptainForest
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You need an entry.

Dr. AR 780
Cr. Sales 780
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Old Sep 30, 2007, 04:55 PM   #3  
rubygarcia
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Quote:
Originally Posted by ria_jii
Services totaling $780 had been performed but not yet billed or recorded.

would this be consider an no entry
This is considered as an accrual. You debit Services Received and credit Accruals
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