Received customer payment of $820 to ship several items to Philadelphia next month. Note: Enter debits before credits. Date General Journal Debit Credit February 04 Cash 820 Accounts receivable 820
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On December 1, the Accounts Receivable account had a $19,200 debit balance. During December the business earned $10,600 in revenue on account and collected $14,600 from its charge-account customers. After posting these transaction, the balance in the Accounts Receivable account on December 31 is a $25,200 credit balance. a $26,200 debit balance. a $15,200 debit balance. a $26,200 credit balance.
Taylor J.
Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 5,050 Service Revenue 5,050 (Billed for services performed) May 12 Cash 1,960 Accounts Receivable 1,960 (Received cash in payment of account) May 15 Cash 3,420 Service Revenue 3,420 (Received cash for services performed)
Supreeta N.
Selected transactions for the Coronado Bryce Company are noted in journal form below. Date Account Title and Explanation Ref. Debit Credit May 5 Accounts Receivable $5,700 Service Revenue $5,700 (Billed for services performed) May 31 Cash $4,700 Accounts Receivable $4,700 (Received cash in payment of account) May 31 Cash $3,500 Service Revenue $3,500
Akash M.
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