Acouple more T account question...
Paid $200 of amount purchased on credit on C. (c was purchased repair supplies on credit, $500).
Accepted cash for repairs completed, $1,860
Thank you
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Acouple more T account question...
Paid $200 of amount purchased on credit on C. (c was purchased repair supplies on credit, $500).
Accepted cash for repairs completed, $1,860
Thank you
1) paid $200 of amount purchased on credit on C. (c was purchased repair supplies on credit, $500).
Dr. Accounts Payable 200 (add 200 to the left side)
Cr. Cash 200 (add 200 to the right side)
2) accepted cash for repairs completed, $1,860
Dr. Cash 1860 (add 1860 to the left side)
Cr. Revenue 1860 (add 1860 to the right side)
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