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?

Question

Business

Raina Lowe

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?

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Livia · Answer 1

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)