A business maintains subsidiary accounts for each of its customers. On May 15, the business provides services on account: $1,900 to customer J. Anthony ; $4,900 to customer A. Martin; and $1,300 to customer S. Lee. Which journal entry is needed to record these transactions?

The answer to the following question is that the account receivables account would be debited by the $8100 and the service revenue account would be credited by $8100.

Explanation:

The given information -

Service provided to J. Anthony - $1900

Service provided to A.Martin - $4900

Service provided to S.Lee - $1300

JOURNAL ENTRY -

SN Particular LF Debit Credit

1 Account receivables $8100

a) J. Anthony - $1900

b) A. Martin - $4900

c) S .Lee - $1300

To Service revenue $8100

( Service provided to customers )

A business maintains subsidiary accounts for each of its customers. On May​ 15, the business provides services on​ account: $1,900 to customer J. Anthony​ ; $4,900 to customer A.​ Martin; and​ $1,300 to customer S. Lee. Which journal entry is needed to record these​ transactions?

Respuesta :

Otras preguntas

A business maintains subsidiary accounts for each of its customers. On May 15, the business provides services on account: $1,900 to customer J. Anthony ; $4,900 to customer A. Martin; and $1,300 to customer S. Lee. Which journal entry is needed to record these transactions?