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Year-end adjusting entry
ria_jii
Sep 30, 2007, 01:01 AM
Services totaling $780 had been performed but not yet billed or recorded.
Would this be consider an no entry
CaptainForest
Sep 30, 2007, 02:35 AM
You need an entry.
Dr. AR 780
Cr. Sales 780
rubygarcia
Sep 30, 2007, 05:55 PM
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