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Pegann3
Dec 1, 2007, 11:39 AM
Completed a five day project for a company and billed it 6500 which is the total price of 9000 less the advance payment of 2500. What are the journal entries?

terryg752
Dec 1, 2007, 03:22 PM
I am not sure but I think it will be like this:

Accounts Receivables Debit 6500

Sales Credit 9000

Advances (Liability) Debit 2500