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What else can I help you with?
How do you record a journal entry for sale on account?
Debit accounts receivableCredit sales revenue
How do you record restaurant sales in a journal entry?
Debit cash /bankCredit sales revenue
What would the journal entry be to record an accured revene?
[Debit] Revenue receivable [Credit] Accrued revenue
How do you properly record a sales journal entry?
To properly record a sales journal entry, you need to debit the accounts receivable or cash account for the amount of the sale, and credit the sales revenue account. This reflects the increase in assets or cash from the sale, and the revenue earned from the transaction.
What is the journal entry to record sale of merchandise?
Debit accounts receivable / cash / bankCredit sales revenue
What is the format of the a journal entry to record the sale of inventory on account?
debit accounts receivablecredit sales revenue
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
What is the Temporarily Restricted Net Assets journal entry?
The journal entry to record Temporarily Restricted Net Assets includes debiting the Temporarily Restricted Net Assets account and crediting the Revenue or Contribution account. This is done to recognize the restriction placed on the assets and to record the revenue or contribution that is temporarily restricted.
What is the journal entry to record accrued interest on a mortgage?
(debit) interest income (credit) (debit) interest income (credit)
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
How do you record a journal entry for a completed service that has not yet been billed?
debit accounts receivable and debit service revenue
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.
