Debit accounts receivable
Credit sales revenue
Debit accounts receivableCredit services revenue
[Debit] Cash / bank [Credit] Services revenue
[Debit] cash / bank xxxx [credit] sales xxxx
[Debit] Bank service charges xxxx [Credit] cash / bank xxxx
The journal entry is the accounting entry which lists the goods that are bought on credit.
Debit accounts receivableCredit services revenue
[Debit] Cash / bank [Credit] Services revenue
[Debit] cash / bank xxxx [credit] sales xxxx
[Debit] Bank service charges xxxx [Credit] cash / bank xxxx
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
You record he credit entry for transaction (a) 5/1 in the journal as
The journal entry is the accounting entry which lists the goods that are bought on credit.
a journal entry must include atleast one debit and one credit account to be a legal journal entry.
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
debit accounts receivablecredit services revenue
[Debit] Accounts Receivable 1250 [Credit] Services sales 1250
journal entries can be undone by reversing the original entries by credit the debit account and debit the credit account.