In: Accounting
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.
Cash | |||
Service revenue | 1,200 | ||
Accounts Receivable | |||
Service revenue | 4,200 | ||
Service Revenue | |||
Cash | 1,200 | ||
Accounts receivable | 4,200 |