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debit accounts receivablecredit services revenue
Debit expensesCredit cash / bank
Debit Accounts receivable 9157 credit Sales revenue 9157
[Debit] Cash / bank [Credit] Services revenue
debit accounts receivablecredit services revenue
debit accounts receivablecredit services revenue
Debit expensesCredit cash / bank
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Debit rent receivableCredit rent income
Debit Accounts receivable 9157 credit Sales revenue 9157
[Debit] Cash / bank [Credit] Services revenue
debit accounts receivablecredit services revenue
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.
debit unearned incomecredit services liability
debit services costcredit cash
Collections on account refer to money collected from customers who have already received goods/services on credit. Hence, the double entry is: Dr Cash Cr Accounts receivable
debit website services expensecredit cash / bank