The customer's account is credited.
credited
debited
payment in suspense to customers account as receivable account
selling price
Additional Paid-in Capital is a normal credit balance account.
The customer's account is credited.
"credited".
The customer's account is credited.
credited
credited
credited
debited
He would set a rate for his water and customers would pay him as he sold it.
payment in suspense to customers account as receivable account
credited
I paid for item last Sunday and haven't heard from seller
If you are the seller and recieve an advance payment from a customer, it means you are owing the customer and as much a creditor. Your cash is debited and the customer ( Customer's deposit account) credited;