1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PilotLPTM [1.2K]
3 years ago
7

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
Business
1 answer:
hjlf3 years ago
8 0

Answer:

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

You might be interested in
Why do some salespeople try to start a new interaction by asking for something small from a potential customer (e.g., "just answ
Talja [164]
Some salesperson do try to start a new interaction by asking for something small from a potential customer because they know getting small acts of cooperation may lead to larger actions. The answer in this question is simply because they know getting small acts of cooperation may lead to larger actions.
4 0
3 years ago
What does storytelling do?
bekas [8.4K]
Storytelling can influence kids and other people of course to use their imagination and interact with people in the process and it could also be useful to help people learn stuff
4 0
3 years ago
3M Company executives were perplexed when the company's Scotch-Brite floor-cleaning product initially produced lukewarm sales in
Trava [24]

Answer: Custom.

Explanation:

The 3M company modified their product to resemble what is obtainable in the Custom of the Philippines people to enable increased sales. A custom of a people is the way of life or behavior of a people over a long period of time.

3 0
3 years ago
Customers arrive at Rent a Wreck and hope to score an inexpensive and unsightly vehicle to use for what typically is a short per
levacccp [35]

Answer: B- 6 minutes

Explanation: From the question above, In one hour, about 20 customers shows up at Rent a Wreck.

It takes 2 minutes to photocopy their driver's license and insurance card and take an impression of a credit card

therefore 20/2=10

in one hour which is 60 min = 60/10

=6 minutes

4 0
4 years ago
The main economic activity in most low-income countries is:
Ira Lisetskai [31]
<span>The main economic activity in most low-income countries is agriculture. Agriculture refers to breeding </span>animals to provide food and farming for different type of food and fiber. Those that live and work in low-income countries do a lot of farming to feed and produce items for their economy. 
4 0
3 years ago
Other questions:
  • How do people earn income?
    13·2 answers
  • F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
    6·1 answer
  • For each transaction, indicate the transaction's effect on the company's accounting equation by selecting either increase, decre
    12·2 answers
  • If output is above its natural rate, then according to sticky-wage theory
    7·1 answer
  • The analysis of the behavior of individual decision-making units is the definition of
    7·2 answers
  • A borrower who wants to minimize interest should try to:
    13·2 answers
  • A client of yours has heard about private equity investing from some wealthy friends and asks you, the registered representative
    10·1 answer
  • Mary has been asked to rank her preferences between three baskets of goods, X, Y, and Z. If Mary prefers Y to Z but does not car
    15·1 answer
  • Jocelyn gets a text alert from the bank that her account has dropped below $100 after a series of $20 ATM withdrawals. She has n
    5·1 answer
  • On December 31, Katie Corp. records a journal entry related to an installment note that includes a debit to interest expense for
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!