View Full Version : WHAT account would I place this money in
gwblount
May 15, 2007, 04:23 PM
Bills are sent to for services provided in feb. for the amount of $800. What account would I debit the 800 to?
Cash, sales revenue, accounts receivable, or retained earnings
RichardBondMan
May 15, 2007, 05:33 PM
Bills are sent to for services provided in feb. for the amount of $800. What account would I debit the 800 to?
cash, sales revenue, accounts receivable, or retained earnings
Bills are sent to whom, you or someone else ?
gwblount
May 15, 2007, 08:17 PM
Bills are sent to whom, you or someone else ?this is a hw question & the mutiple choice answers are sales revenue, accounts receivable, cash & retained earnings
berrysweetncgurl
May 16, 2007, 03:59 AM
My answer would be unearned revenue, but for multiple choice I would pick sales revenue, but I may not be right, but I did just get a b in accounting if that matters... lol,, but don't take my advice read your book!!
CaptainForest
Jun 8, 2007, 09:32 AM
From the sounds of it, you are sending the bill to someone.
Therefore, the JE would be:
Dr. AR 800
Cr. Sales 800
So you would debit AR.