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    raymundo12's Avatar
    raymundo12 Posts: 1, Reputation: 1
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    #1

    Jul 12, 2009, 01:22 PM
    If services are rendered for credit, then
    If services are rendered for credit, then
    siberianair's Avatar
    siberianair Posts: 360, Reputation: -4
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    #2

    Jul 12, 2009, 01:44 PM

    Am I suppose to finish the statement??
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Jul 13, 2009, 06:44 AM

    The statement is saying that you rendered a service and did not receive cash. The two accounts will be: Accounts Receivable and Service Revenue. One is a Balance Sheet account and the other one is an Income Statement account.

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