How would you post in a journal?
Performed services for $30,000; received $14,000 in cash and the rest is payable in 60 days?
Thank you.


submitted by Laura

nepoy

(DR ) cash $ 14,000
(DR) accounts receivable $ 16,000
(CR) service revenue $ 30,000

Mansi

Cash A/C Dr $14000
Bills Receivable A/C Dr $16000
To Services rendered/Fees/Income A/C $30000

Sudheer

Debit to Bank/Cash A/C $14,000
Debit to the Recievale A/C $16,000
Credit to Services A/C or Sales A/C $30,000

WIYDORVEN CHANTAL

DR CASH -> $ 14,000; DR ACCOUNTS RECEIVABLE -> $16 000; CR SALES ACCOUNT -> $ 30 000

Liaqat

It is a compound entry and can be recorded as below. Cash account debit -> 14,000; Accounts Receivable debit -> 16,000; Services Rendered credit -> 30,000

mona

Dr Cash: $14000; Dr A/C Receivable: $16000; Cr Sales Revenue: $30000.

Ayman hafez

Cash $14,000, Accounts Receivable $16,000, Service Revenues $30,000.