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Q: Mary's business has performed services on account. The journal entry to record this transaction would include a debit to Cash and a credit to Service Revenue?
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Related questions

Is sold services the same as performed services in accounting?

Yes both statements related to same thing and which is services revenue for business.


What are realized revenues?

REALIZED REVENUE-A revenue transaction where goods and services are exchanged for cash orclaims to cash.


Is performed services a credit or debit?

Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.


What are assets received for services performed?

Revenue


When services are sold on account?

Services are sold on account by which, when you receive revenue or income, it will be receivable if the revenue or income are not earned when the services is/or/are already performed


Is service revenue an asset or liability?

Services revenue is revenue same as product revenue and it is not an asset or liability of the business.


Where are services performed for cash should be recorded?

Revenue journal


Services performed for cash should be recorded in the?

Revenue Journal


Journal entry for services performed for cash?

May 6 Cash 3900 Service Revenue 3900 Performed service for cash.


What Journal entry for services performed but not received cash?

debit accounts receivablecredit services revenue


What is fee for transaction revenue model?

Fee for transaction revenue model is the fee that you will get when you transact in the revenue model. THAT IS GOOD! THAT AINT RIGHT!


When is revenue considered earned in a service type business?

when the service is performed