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How do you record an accounting entry services rendered on cash?
[Debit] Cash account [Credit] Services revenue
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
How do you journal entry the question rendered service to costomers on account the amount 1250?
[Debit] Accounts Receivable 1250 [Credit] Services sales 1250
How are services paid months in advance for services rendered recorded in a journal?
[Debit] Advance expenses [Credit] Cash / bank
What is the journal entry for shares of common stock issued for an amount worth of services rendered in organizing and chartering?
debit shares in companycredit services revenue
How do you record an accounting entry services rendered on cash?
[Debit] Cash account [Credit] Services revenue
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
How do you journal entry the question rendered service to costomers on account the amount 1250?
[Debit] Accounts Receivable 1250 [Credit] Services sales 1250
How are services paid months in advance for services rendered recorded in a journal?
[Debit] Advance expenses [Credit] Cash / bank
What is the journal entry for shares of common stock issued for an amount worth of services rendered in organizing and chartering?
debit shares in companycredit services revenue
What is the debit side and credit side of received a cheques as fees for services rendered?
The debit side would be money that you owed and paid out for a service. They credit side is money that was paid to you by someone that owed you for services or products.
What is a journal entry where there is only one debit and credit?
A journal entry with only one debit and one credit is a basic accounting entry that records a transaction involving two accounts. For example, if a company receives cash of $1,000 for services rendered, the entry would debit the Cash account for $1,000 and credit the Service Revenue account for $1,000. This reflects the increase in cash and the corresponding increase in revenue, maintaining the accounting equation's balance.
What is journal entry for accrued service revenue?
debit accounts receivableCredit services revenue
What is the accounting journal entry for billed customers for services provided?
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
Is performed services a credit or debit?
Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.
