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14 June, 15:56

Gi Gi's Dance Studio provided $150 of dance instruction and rented out its dance studio to the same client for another $100. The client paid immediately. Identify the general journal entry below that Gi Gi's will make to record the transaction.

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  1. 14 June, 17:11
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    The journal entry is shown below:

    Cash A/c Dr $250

    To Rental revenue A/c $100

    To Instruction revenue A/c $150

    (Being the cash is received for the service provided)

    Basically we debited the cash for $250 or the total amount of service provided and credited the rental revenue and instruction revenue for $100 and $150 respectively
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