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    lauraewells's Avatar
    lauraewells Posts: 1, Reputation: 1
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    #1

    Sep 28, 2007, 12:09 PM
    Journal Entries
    How do I journalize these transactions? :confused:

    "Recorded services provided on account for the period May 1-15, $5,100"


    "Recorded cash from cash clients for fees earned during the period May 1-15, $7,380"

    What do I debit/credit?

    Please help, I have a test on Monday and this is the take home portion of the test and I understand how to enter the other transactions but not these 2 :mad:
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Sep 28, 2007, 06:24 PM
    Dr. Services Expense 5,100
    Cr. AP 5,100

    Dr. Cash 7,380
    Cr. Revenue 7,380
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