ExtraSugared
Jan 6, 2010, 01:54 AM
What is the journal entries for providing service
morgaine300
Jan 8, 2010, 12:55 AM
Revenues are credit accounts. If this is homework, the name of it will depend on what the problem chose to call it. (If it has no list of accounts, call it something you've seen a lot, like Fees Earned.)
The debit depends on whether it was paid (cash) or it was not and is still owed (accounts receivable).