benipald3
Oct 18, 2009, 09:22 AM
Bil noble corp. $800 for welding work done what would be the journal entry
Welding expense dr 800
Cash cr 800
Am I right
deanne4321
Oct 18, 2009, 06:32 PM
If you have performed services that have not yet been paid for, you would debit accounts receivable and credit service revenue. You only credit cash if you pay out money. If you receive money, it is a debit. Expense accounts are only used to track actual expenses, not services that have been rendered.