Answer:
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
