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What else can I help you with?
Is a service revenue a credit or debit?
Service Revenue is credit in nature because it is an income.
What is journal entry for accrued service revenue?
debit accounts receivableCredit services revenue
How do you record a journal entry for a completed service that has not yet been billed?
debit accounts receivable and debit service revenue
Is a service revenue that is billed but not paid a credit or debit?
A service revenue that is billed but not paid is an account receivable. Account receivables are assets and therefore you would "debit" the account.
What is the adjustment for service revenue earned but unbilled total 600?
debit account receivable credit service revenue
Is service revenue a debit?
Revenues has credit balance as default balance and as services revenue is also a revenue account it means it should have credit balance as well and not a debit balance.
When you rendered services on account what accound do you debit?
If you render a service n account to a customer you debit Account Receivable and credit Service Revenue.
How would services related to unearned service revenue were performed look like on general journal?
In the general journal, services related to unearned service revenue would typically be recorded as a debit to the Unearned Service Revenue account and a credit to the Service Revenue account. This entry reflects the recognition of revenue as the service has now been performed. For example, if $1,000 of unearned revenue is earned, the journal entry would be: Debit Unearned Service Revenue $1,000 and Credit Service Revenue $1,000. This entry indicates that the obligation to provide the service has been fulfilled.
What is the journal entry for LC opening?
latter of cedit expenses is debit and cash credit
What is the journal entry for providing service on account?
debit accounts receivablecredit services revenue
What is the journal entry for performing service on account?
debit accounts receivablecredit services revenue
What could be journal entries for unearned revenue?
Initial receipt of unearned revenue from a customer for service to be provided in the future. Recognition of the unearned revenue as the service is performed and earned. Adjustment entry to reflect the portion of unearned revenue that has now been earned.
