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-   -   General Ledger Posting (https://www.askmehelpdesk.com/showthread.php?t=99924)

  • Jun 9, 2007, 01:50 PM
    jude1010
    General Ledger Posting
    If you have the following, would you??

    Received fees for this month's services $1,300
    Debit Cash and Credit Services Earned?

    And... if you have Reimbursed the bus ddriver for gas expenses $80
    Debit Gasoline Expenses and Credit Cash?

    And... if you have Received payment for one month's services from customers previously billed $1,000
    Debit Cash and Credit Accounts Receivable?

    And... if you billed customers who had not yet paid for this month's services $1,400
    Debit Accounts Payable and Credit Services Earned?

    And.. one more... If you Received payments from customers on account $2,400
    Debit Cash and Credit Accounts Receivable?

    Thanks
  • Jun 10, 2007, 09:37 AM
    CaptainForest
    They are all correct, except for this one:

    Quote:

    Originally Posted by jude1010
    and...if you billed cusotmers who had not yet paid for this month's services $1,400
    Debit Accounts Payable and Credit Services Earned?

    You should Debit Accounts Receivable and your Credit portion is correct.

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