billed customers for services rendered on account journal entry

23 Received cash as advance payment for merchandise to be sold next month The amount of any Availability Reserve established by the Administrative Agent shall (x) have a reasonable relationship to the event, condition or other matter which is the basis for such reserve as determined by the Administrative Agent in good faith and (y) not be duplicative of any other factor then in existence pursuant to the criteria contained in Eligible Billed Accounts, Eligible Unbilled Accounts, Eligible Inventory or Eligible Frac Iron. 10 Bought spare tires on account for P12. Prepare the general journal entry to record this transaction. 10 Accounts Receivable, Merchandise Inventory Green Company performed services for a client and received $1,460 cash. Ed.). This depreciation will impact the Accumulated DepreciationEquipment account and the Depreciation ExpenseEquipment account. Increase assets and increase stockholders equity. Green Company billed a customer $2,050 for consulting services performed. 6 How is cash received from customers when services are performed? Accounts Receivable 20, Mar. 8 Cash in bank 3. Now that we have the T-account information, and have confirmed the accounting equation remains balanced, we can create the adjusted trial balance in our sixth step in the accounting cycle. 18 Shop Equipment 16 Received payment for merchandise sold on April 10 When do you receive cash from a billed client? Cash on hand The company only sees the bank statement at the end of the month and needs to record interest revenue that has not yet been collected or recorded. Stockholders equity Increases. How do you Journalize billed customers for services? a credit to Accounts Receivable of $1,400. You will notice there is already a credit balance in this account from the January 9 customer payment. Prepare the general journal entry to record this transaction. Received cash from customers billed in (4). Prepare the general journal entry to record this transaction. -vAa]bc.@PT]}RlE}/~B-9LK?@@"_Q`G4? In the journal entry, Salaries Expense has a debit of $1,500. _____________

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