WebbThe journal entries: May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. Description Post. Ref. Debit … Webb25 nov. 2024 · The invoicing of services on account means that an amount of money will be owed by the customer to the business, and this is referred to as a trade accounts …

A company provided services to customers for $7,200 cash. How …

WebbBrown Consulting Services organized as a corporation on January 18 and engaged in the followingtransactions during its first two weeks of operation:Jan. 18 Issued capital stock … Webb2. Provided $50,000 of services to clients and collected $50,000 cash. 3. Paid salary expense of $32,000. Data for Sports Clothing 1. Borrowed $90,000 from the bank to start the business. 2. Purchased $50,000 inventory for cash. 3. Inventory costing $26,000 was sold for $50,000 cash. 4. Paid $8,000 cash for operating expenses. Expert Answer charity paws

Assignment 1 M1 Transaction Analysis (revised) mODULE 1

WebbSplish Brothers, Inc. provided consulting services and billed the client $3,180. How does this transaction affect the accounting equation? Describe how the following business transactions... WebbCash Accounts receivable Billed customers for services performed $5,100. Accounts receivable service revenue Paid employee salaries $1,200. Salaries and wages expense Cash Performed $600 of services in exchange for cash. Cash Service revenue Paid $1,900 to creditors for accounts payable due. Accounts payable Cash Paid a $300 cash dividend. WebbPrepare general journal entries to record these transactions using the following titles: Services Revenue (403) 6 The company completed services for a client and immediately received $2,000 cash. 9 The company completed a $11,200 project for a client, who must pay within 30 days. charity payments to trustees