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What is journal entry to record the completion of a service for which payment has not been received?
Wiki User
∙ 9y ago
[Debit] Accounts receivable
[Credit] Service sales revenue
Wiki User
∙ 9y ago
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When a product or service is delivered for which a customer advance has been previously received what is the appropriate journal entry?
[Debit] Unearned revenue [Credit] Sales revenue
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
Can you give me examples of unearned service revenue journal entries?
Unearned service revenue is that amount which company has received from client in advance but actual goods or service is payable in future like repair and maintenance contract with client etc.
When cash payment is received for service rendered are asses credited or debited?
because you received cash, thus , the asset account increases: DR cash. This amount receiced and dercresed in fee erned (money paid for service) -> Cr Fee earned
Are The amount charged for a good or service provided to a customer on account is posted to a revenue account only after the payment is received?
I've got the same question. It's from a Connect homework problem.
What is a direct payment?
A direct payment can include cash or checks that are received for a service. Direct payment comes from the person receiving the service and goes to the person giving the service.
Where can one subscribe to Surgery Journal?
A subscription to Surgery Journal can be either done online or via telephone in the United Kingdom. The customer service line 01865 843077 is available to take payment for the subscription.
When was Foreign Service Journal created?
Foreign Service Journal was created in 1924.
When was Journal of the Royal Naval Medical Service created?
Journal of the Royal Naval Medical Service was created in 1915.
When a product or service is delivered for which a customer advance has been previously received what is the appropriate journal entry?
[Debit] Unearned revenue [Credit] Sales revenue
Can you give me examples of unearned service revenue journal entries?
Unearned service revenue is that amount which company has received from client in advance but actual goods or service is payable in future like repair and maintenance contract with client etc.
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
When cash payment is received for service rendered are asses credited or debited?
because you received cash, thus , the asset account increases: DR cash. This amount receiced and dercresed in fee erned (money paid for service) -> Cr Fee earned
A major difference between Japanese samurai and European knights during the middle ages is that only knights?
received salaries in payment for their service
What is the term for Payments made after a product or service has been received?
weekly payment from payroll deduction at $125.00 per week and comprehensive insurance coverage
A payment for military service is a an?
a paryment for military service is an
How do transactions happen between the customer and the service provider?
When the customer finds the service they need and chooses the service provider they like, they just order this service by choosing date, time, and where they want to receive the service. Their payment goes to our PSP (Payment Service Provider), When the service provider provides the requested service, the payment is sent to the provider's bank account.
