00:05
Hello students, in this question we have to prepare the t accounts and the t accounts are prepared as this is the debit side, this is credit side.
00:17
So, this is date column, particulars column, amount, same with the credit side date, particulars, amount.
00:36
So, this is the account receivable account.
00:39
So, now we will be putting the entries accordingly.
00:42
So, first entry is may 5th entry.
00:45
So, we will put up the date may 5, account receivable to service revenue.
00:51
So, account receivable is debited.
00:53
So, on debit side with the service revenue name, the entry will be posted with the amount which is 5050.
01:04
Second entry stating may 12, which is cash to account receivable...