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    benipald3's Avatar
    benipald3 Posts: 13, Reputation: 1
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    #1

    Oct 18, 2009, 09:22 AM
    Journal entry
    Bil noble corp. $800 for welding work done what would be the journal entry


    Welding expense dr 800
    Cash cr 800

    Am I right
    deanne4321's Avatar
    deanne4321 Posts: 3, Reputation: 1
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    #2

    Oct 18, 2009, 06:32 PM

    If you have performed services that have not yet been paid for, you would debit accounts receivable and credit service revenue. You only credit cash if you pay out money. If you receive money, it is a debit. Expense accounts are only used to track actual expenses, not services that have been rendered.

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