Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Year-end adjusting entry (https://www.askmehelpdesk.com/showthread.php?t=135383)

  • Sep 30, 2007, 01:01 AM
    ria_jii
    Year-end adjusting entry
    Services totaling $780 had been performed but not yet billed or recorded.

    Would this be consider an no entry
  • Sep 30, 2007, 02:35 AM
    CaptainForest
    You need an entry.

    Dr. AR 780
    Cr. Sales 780
  • Sep 30, 2007, 05:55 PM
    rubygarcia
    Quote:
    Originally Posted by ria_jii
    Services totaling $780 had been performed but not yet billed or recorded.

    would this be consider an no entry
    This is considered as an accrual. You debit Services Received and credit Accruals

    • All times are GMT -7. The time now is 05:53 AM.