contestada

J. Brown provided services to a customer and immediately collected $1,900 cash. Show how to record the transaction to the T-accounts by completing the following sentence.

Service Revenue would be ____________ on the _______________ side of the T-account, and Cash would be ______________ on the _______________ side of the T-account.

Respuesta :

Answer and Explanation:

Since in the question it is mentioned that the J.brown provides a service and on the instant it collected the cash for $1,900

So here the journal entry that would be

Cash Dr $1,900

        To Service revenue $1,900

(Being cash collected is recorded)

The service revenue is shown in the on the right side of the T-account that should be credited and the cash to be shown on the left hand side of the T-account that should be debited as both the account is increasing.

Otras preguntas