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debit revenue
credit income statement
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∙ 9y ago
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What is the journal entry account receivables?
Debit accounts receivableCredit sales revenue
What is journal entry for accrued service revenue?
debit accounts receivableCredit services revenue
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 is the journal entry for goods sold to a?
[Debit] A account xxxx [Credit] Sales revenue xxxx
What is journal entry for Accrued Revenue?
Accrued Revenue is a term that I rarely see, though it is an Asset and should be treated as such. Accrued Revenue would be treated similar to an Account Receivable. The Journal Entry would be a Debit to Accrued Revenue and a Credit to Revenue.
What does the journal entry to close revenue accounts involves?
Debit revenue accountCredit income statement
What is the journal entry account receivables?
Debit accounts receivableCredit sales revenue
What is journal entry for accrued service revenue?
debit accounts receivableCredit services revenue
How do you record a journal entry for sale on account?
Debit accounts receivableCredit sales revenue
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 is the journal entry for goods sold to a?
[Debit] A account xxxx [Credit] Sales revenue xxxx
What is the journal entry for prepaid income?
The journal entry for prepaid income is a debit to the Cash account and a credit to the Unearned Revenue account. The Unearned Revenue account is a liability. The rationale for such an entry is that this is income received in advance. This means that the income has not been earned since the services have not yet been performed. When the services have been performed it is appropriate to recognize the revenue and offset the liability account, unearned revenue.
What would the journal entry if revenue earned by the business during the year?
debit cash / bank / accounts receivablecredit revenue account
What does the journal entry to close the drawing account involve?
debit owners capitalcredit drawings account
What is the format of the a journal entry to record the sale of inventory on account?
debit accounts receivablecredit sales revenue
