Asked Nov 22, 2019

I need to know how to recoed this transaction in a general journal.

Completed consulting job for Tom, and billed him total of $12,000, due in 30 days.

Accounts are: Accounts receivable, unearned consulting revenue, consulting revenue, or similar. 


Expert Answer

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Step 1

Journal entries is recording the of the transaction in the accounting journal in a chronological order. The entries are recorded as the Debit balances and Credit balances.

The golden rules of accounting that are needed to be kept in mind for journalizing:

  1. Personal account: The receive...

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Journal and Ledger Balance

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