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lauraewells
Sep 28, 2007, 12:09 PM
How do I journalize these transactions? :confused:

"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 :mad:

CaptainForest
Sep 28, 2007, 06:24 PM
Dr. Services Expense 5,100
Cr. AP 5,100

Dr. Cash 7,380
Cr. Revenue 7,380