Ask Question
26 June, 04:33

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?

+3
Answers (1)
  1. 26 June, 06:03
    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 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