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Exercise B: Show G/L Postings for the following transactions 1. Cash was received for services performed...

Exercise B: Show G/L Postings for the following transactions

1. Cash was received for services performed for customers, $1,200.

2. Services were performed for customers on credit, $4,200.

Solutions

Expert Solution

Cash
Service revenue 1,200                                     
Accounts Receivable
Service revenue 4,200                                     
Service Revenue
Cash 1,200
                                                              Accounts receivable 4,200

ekkarill92 answered 2 years ago
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