What is journal entry for Accrued Revenue?

Answer 1

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.

Answer 2

the journal entry to close the drawing account involves:

Answer 3

debit accounts receivable
credit sales revenue