rosa21
Jan 28, 2011, 03:29 PM
I know its account receivble but what do I credit?>17 Completed a contract for a client for $3,000 on account
5 ) Signed a two-year rental agreement on an office and paid $4,800 cash. Half was for the May 2011 rent and the other half was for the final month’s rent. (Hint: The portion for the final month is considered prepaid rent.) this one is rent expense and prepaid rent but what's the third one?
25 Completed services for a client and immediately collected $1,100
28 Collected $2,500 from the client billed on May 17.
5 ) Signed a two-year rental agreement on an office and paid $4,800 cash. Half was for the May 2011 rent and the other half was for the final month’s rent. (Hint: The portion for the final month is considered prepaid rent.) this one is rent expense and prepaid rent but what's the third one?
25 Completed services for a client and immediately collected $1,100
28 Collected $2,500 from the client billed on May 17.