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-   -   If services are rendered for credit, then (https://www.askmehelpdesk.com/showthread.php?t=374755)

  • Jul 12, 2009, 01:22 PM
    raymundo12
    If services are rendered for credit, then
    If services are rendered for credit, then
  • Jul 12, 2009, 01:44 PM
    siberianair

    Am I suppose to finish the statement??
  • Jul 13, 2009, 06:44 AM
    pready

    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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