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
kari74 [83]
3 years ago
13

A business maintains subsidiary accounts for each of its customers. On May​ 15, the business provides services on​ account: $1,9

00 to customer J. Anthony​ ; $4,900 to customer A.​ Martin; and​ $1,300 to customer S. Lee. Which journal entry is needed to record these​ transactions?
Business
1 answer:
kipiarov [429]3 years ago
5 0

Answer:

The answer to the following question is that the account receivables account would be debited by the $8100 and the service revenue account would be credited by $8100.

Explanation:

The given information -

Service provided to J. Anthony - $1900

Service provided to A.Martin - $4900

Service provided to S.Lee - $1300

JOURNAL ENTRY -

SN      Particular                         LF           Debit             Credit

1         Account receivables                     $8100

        a) J. Anthony - $1900

        b) A. Martin - $4900

        c)  S .Lee - $1300

      To Service revenue                                                      $8100

( Service provided to customers )

You might be interested in
Oriental Corporation has gathered the following data on a proposed investment project:
KIM [24]

Answer:

d. 4 years

Explanation:

The formula to compute the payback period is shown below:

= Initial investment ÷ Net cash flow

where,  

Initial investment is $200,000

And, the net cash flow = $50,000

Now put these values to the above formula  

So, the value would equal to

= ($200,000) ÷ ($50,000)

= 4 years

All other information which is given is not relevant. Hence, ignored it

6 0
3 years ago
Identify the type of business writing for each description.
Westkost [7]
There are four types of businesses organisation. Sole trader is owned by one person and he makes all the decisions, and earns profit and bears the loss himself. A partnership is owned by 2 or more people and they help each other. The profit and loss is divided between them.
4 0
3 years ago
What is the purpose of a statement of cash flows?
Anarel [89]

Answer: The purpose of the cash flow statement is to show where an entities cash is being generated (cash inflows), and where its cash is being spent (cash outflows), over a specific period of time (usually quarterly and annually). It is important for analyzing the liquidity and long term solvency of a company.

4 0
3 years ago
Read 2 more answers
When health educators are creating and developing print materials, they need to incorporate ______ to decide how to formulate me
evablogger [386]
When health educators are creating and developing print materials, they need to incorporate the behavior change theory and models to decide how to formulate messages? The behavior change theory studies different types of change and how people react to them. Figuring out how people may react to messages allows people to have a better idea on how to address them. 
6 0
4 years ago
A half note receives ______ Blank beats of ____
sukhopar [10]

Answer:

If in 4/4 time then a half note receives 2 beats.

Explanation:

Half of four is two  :)

4 0
3 years ago
Other questions:
  • The yield on a taxable money market mutual fund earning 3.0 percent is equivalent to a ____ percent yield on a tax-exempt money
    8·1 answer
  • Jamal lost his job as a shipbuilder during 2004. His shipyard never reopened, and so his very specialized skills are no longer i
    11·1 answer
  • Given this set of daily service operations, and assuming a processing order of A-B-C-D-E: Service Operation Number of Daily Reps
    11·2 answers
  • Warrix Corporation has provided the following contribution format income statement. Assume that the following information is wit
    10·1 answer
  • Alumbat Corporation has $800,000 in debt outstanding, and pays an interest rate of 10 percent annually on its bank loan. Alumbat
    8·1 answer
  • Of the 200 employees at Company A, 70 work part-time and the rest work full-time. If 140 of the employees like their jobs and 10
    15·1 answer
  • What is generally the reason for a company to issue bonds?
    7·1 answer
  • 3.How does the theory of efficient production apply to managers of government bureaus or departments that are not run for profit
    13·1 answer
  • How are time tickets and materials requisition slips similar?
    8·1 answer
  • Examples of services delivered through the __________ include database on demand, e-mail on demand, and storage on demand.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!