Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 5,300 Service Revenue 5,300 (Billed for services performed) 12 Cash 4,400 Accounts Receivable 4,400 (Received cash in payment of account) 15 Cash 3,400 Service Revenue 3,400 (Received cash for services performed) Post the transactions using the standard form of account. (Post entries in the order presented in the problem statement.) Cash Date Explanation Ref. Debit Credit Balance J1 J1 Accounts Receivable Date Explanation Ref. Debit Credit Balance J1 J1 Service Revenue Date Explanation Ref. Debit Credit Balance J1 J1
Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 5,300 Service Revenue 5,300 (Billed for services performed) 12 Cash 4,400 Accounts Receivable 4,400 (Received cash in payment of account) 15 Cash 3,400 Service Revenue 3,400 (Received cash for services performed) Post the transactions using the standard form of account. (Post entries in the order presented in the problem statement.) Cash Date Explanation Ref. Debit Credit Balance J1 J1 Accounts Receivable Date Explanation Ref. Debit Credit Balance J1 J1 Service Revenue Date Explanation Ref. Debit Credit Balance J1 J1
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 38MC: Which of these transactions requires a credit entry to Revenue? A. received cash from services...
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