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    layalii ali's Avatar
    layalii ali Posts: 1, Reputation: 1
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    #1

    Oct 23, 2009, 02:00 AM
    Provided repair service on account to customer $850
    Any help for this question?! :confused:
    decisionsupport's Avatar
    decisionsupport Posts: 31, Reputation: 1
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    #2

    Oct 26, 2009, 03:50 AM

    Accounts Receivable $850
    Fees Earned $850
    decisionsupport's Avatar
    decisionsupport Posts: 31, Reputation: 1
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    #3

    Oct 26, 2009, 03:53 AM
    Quote Originally Posted by decisionsupport View Post
    Accounts Receivable $850
    Fees Earned $850
    Indentation didn't work.

    You will want to Debit (Dr) Accounts Receivable for $850 and Credit (Cr) Fees Earned for $850.

    Once your customer pays, you will Debit (Dr) Cash and Credit (Cr) Accounts Receivable
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