Ask Question
12 February, 19:57

Mcdever corporation bills a customer $5,100 at the end of the year for services provided. the adjusting entry mcdever should make to accrue the amount collectible is:

+1
Answers (1)
  1. 12 February, 20:24
    0
    Debit Accounts receivable $5,100

    Credit Sales/Revenue $5,100

    Explanation:

    The amount billed to a customer for a service rendered or good sold is known as the revenue.

    When revenue is earned and cash is received, the accounts involved are sales/revenue account and the cash account otherwise, where revenue is earned but cash is yet to be collected, the accounts involved would be sales/revenue account and the accounts receivable.

    Where Mcdever corporation bills a customer $5,100 at the end of the year for services provided. the adjusting entry mcdever should make to accrue the amount collectible is;

    Debit Accounts receivable $5,100

    Credit Sales/Revenue $5,100
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mcdever corporation bills a customer $5,100 at the end of the year for services provided. the adjusting entry mcdever should make to accrue ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers