My next question is: Jay completed a $550 job for a client.She paid him $250 and agreed to pay the rest later how do you enter your transcation.In other words what is your debit and what would be your credit.
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My next question is: Jay completed a $550 job for a client.She paid him $250 and agreed to pay the rest later how do you enter your transcation.In other words what is your debit and what would be your credit.
Debit Cash for 250
Debit Accounts Receivable for the difference
Credit the appropriate Revenue account for 550
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