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    gwblount's Avatar
    gwblount Posts: 2, Reputation: 1
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    #1

    May 15, 2007, 04:23 PM
    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
    RichardBondMan's Avatar
    RichardBondMan Posts: 832, Reputation: 66
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    #2

    May 15, 2007, 05:33 PM
    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 ?
    gwblount's Avatar
    gwblount Posts: 2, Reputation: 1
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    #3

    May 15, 2007, 08:17 PM
    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
    berrysweetncgurl's Avatar
    berrysweetncgurl Posts: 166, Reputation: 19
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    #4

    May 16, 2007, 03:59 AM
    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 don't take my advice read your book!!
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #5

    Jun 8, 2007, 09:32 AM
    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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