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    astonebraker's Avatar
    astonebraker Posts: 4, Reputation: 1
    New Member
     
    #1

    Oct 2, 2012, 12:06 PM
    Journalize receiving money from customers to be provided in the future
    Need help journalizing...

    Paid $1220 for salaries due employees, of which $600 is for November and $620 is for October salaries payable

    Performed services on account and billed customers for services provided $900


    Received $750 from customers for services to be provided in the future
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Oct 2, 2012, 03:29 PM
    Your Accounts are as follows:
    Transaction #1, Cash, Salaries Payable, and Salaries Expense

    Transaction #2, Service Recenue and Accounts Receivable

    Transaction #3, Cash and Unearned Service Revenue

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