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-   -   Journal entry (https://www.askmehelpdesk.com/showthread.php?t=158055)

  • Dec 1, 2007, 11:39 AM
    Pegann3
    Journal entry
    Completed a five day project for a company and billed it 6500 which is the total price of 9000 less the advance payment of 2500. What are the journal entries?
  • Dec 1, 2007, 03:22 PM
    terryg752
    I am not sure but I think it will be like this:

    Accounts Receivables Debit 6500

    Sales Credit 9000

    Advances (Liability) Debit 2500

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