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What is the journal entry for performing service on account?
debit accounts receivablecredit services revenue
What journal entry is needed to debit for bank service charges?
[Debit] Bank service charges [Credit] Bank account
What is journal entry for accrued service revenue?
debit accounts receivableCredit services revenue
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
How do you post a journal entry to an account to bill a customer for service preformed?
Debit accounts receivableCredit services revenue
What is the journal entry for performing service on account?
debit accounts receivablecredit services revenue
What journal entry is needed to debit for bank service charges?
[Debit] Bank service charges [Credit] Bank account
What is journal entry for accrued service revenue?
debit accounts receivableCredit services revenue
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
How do you post a journal entry to an account to bill a customer for service preformed?
Debit accounts receivableCredit services revenue
How would services related to unearned service revenue were performed look like on general journal?
In the general journal, services related to unearned service revenue would typically be recorded as a debit to the Unearned Service Revenue account and a credit to the Service Revenue account. This entry reflects the recognition of revenue as the service has now been performed. For example, if $1,000 of unearned revenue is earned, the journal entry would be: Debit Unearned Service Revenue $1,000 and Credit Service Revenue $1,000. This entry indicates that the obligation to provide the service has been fulfilled.
What needs to happen when recording a journal entry for a sale account?
When recording a journal entry for a sales account, ensure that the sales are strictly done on credit terms.
Why do you need to re class a journal entry?
if journal entry is misclassified to some other account then it is required to re-classify the journal entry for correct impact or record purposes.
Paid 600 to Royal Company on account. what is the journal entry of this transaction?
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
What must a journal entry always include?
a journal entry must include atleast one debit and one credit account to be a legal journal entry.
What is journal entry for depreciation?
[Debit] Depreciation account [Credit] Asset account
How do you correct a incorrect account journal entry?
Reversing the JE
