Bills are sent to for services provided in feb. for the amount of $800. What account would I debit the 800 to?
Cash, sales revenue, accounts receivable, or retained earnings
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Bills are sent to for services provided in feb. for the amount of $800. What account would I debit the 800 to?
Cash, sales revenue, accounts receivable, or retained earnings
Bills are sent to whom, you or someone else ?Quote:
Originally Posted by gwblount
this is a hw question & the mutiple choice answers are sales revenue, accounts receivable, cash & retained earningsQuote:
Originally Posted by RichardBondMan
My answer would be unearned revenue, but for multiple choice I would pick sales revenue, but I may not be right, but I did just get a b in accounting if that matters... lol,, but don't take my advice read your book!!
From the sounds of it, you are sending the bill to someone.
Therefore, the JE would be:
Dr. AR 800
Cr. Sales 800
So you would debit AR.
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