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15 October, 08:17

Brown Company provided services to a customer and immediately collected $1,900 cash. Show how to record the transaction to the T-accounts by completing the following sentence. Service Revenue would be

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  1. 15 October, 11:35
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    credited; right; debited; left

    Explanation:

    The journal entry to record this transaction is shown below:

    Cash A/c Dr $1,900

    To Service revenue A/c $1,900

    (Being the cash is collected)

    It to be displayed in T accounts

    For cash account

    Cash

    Debit side

    Service revenue $1,900

    For service revenue account

    Service revenue

    Credit side

    Cash $1,900

    So, the cash account would be debited and would be displayed on the left hand side while the service revenue would be credited and would be displayed on the right hand side
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