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How are services paid months in advance for services rendered recorded in a journal?

Anonymous

∙ 11y ago

Updated: 9/17/2023

[Debit] Advance expenses

[Credit] Cash / bank

Wiki User

∙ 11y ago

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Services performed for cash should be recorded in the?

Revenue Journal

Where are services performed for cash should be recorded?

Revenue journal

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 journal entry the question rendered service to costomers on account the amount 1250?

[Debit] Accounts Receivable 1250 [Credit] Services sales 1250

What is the journal entry for paid in advance of the expenses for others company?

Expenses of other company is not recorded and it may be shown as loan to that company.

Related Questions

The journal in which invoices for services provided are recorded is the?

cash receipts journal

Services performed for cash should be recorded in the?

Revenue Journal

Where are services performed for cash should be recorded?

Revenue journal

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 journal entry the question rendered service to costomers on account the amount 1250?

[Debit] Accounts Receivable 1250 [Credit] Services sales 1250

What is the Journal entry for collected 770 in advance from a customer?

A cash advance received from customer journal entry is required when a business receives a cash payment from a customer in advance of delivering goods or services.

What is the journal entry for paid in advance of the expenses for others company?

Expenses of other company is not recorded and it may be shown as loan to that company.

What is the Journal entry for advance?

Debit advance paidCredit cash / bank

What is a scientific journal article?

a scientific journal is a journal of data recorded from scientist

When purchasing merchandise for resale what journal is the transaction recorded in?

journal

Transactions recorded in the cash receipts journal?

Transactions recorded in the cash receipts journal are, all receipts of cash.

In which journal is the return of supplies purchased on account recorded?

General Journal

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