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    Angepange's Avatar
    Angepange Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 15, 2013, 11:08 PM
    Confused
    Performed services for $ 1500 but received $ 1000 in cash and balance due next month where would yuh put the remaining balance under?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    May 19, 2013, 10:10 AM
    What the customer owes you would be under accounts receivable.

    Your journal entry would be:
    Debit Cash for 1,000
    Debit Accounts Receivable for 500
    Credit Service Revenue for 1,500

    Your debits must equal your credits.
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