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Social ScienceI 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.
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
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:
- Personal account: The receive...
Business
Accounting
Journal and Ledger Balance
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