Ask Question
5 May, 19:22

A business maintains subsidiary accounts for each of its customers. On May 15, the business provides services on account: $ 1 comma 600 to customer J. Anthony ; $ 4 comma 200 to customer A. Martin; and $ 1 comma 500 to customer S. Lee. Which journal entry is needed to record these transactions?

+2
Answers (1)
  1. 5 May, 19:42
    0
    The journal entry to record this transaction is as follows:

    On March 15,

    Accounts Receivable - J. Anthony A/c Dr. $1,600

    Accounts Receivable - A. Martin A/c Dr. $4,200

    Accounts Receivable - S. Lee A/c Dr. $1,500

    To service revenue $7,300

    (To record the accounts receivables)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A business maintains subsidiary accounts for each of its customers. On May 15, the business provides services on account: $ 1 comma 600 to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers