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20 August, 01:10

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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  1. 20 August, 01:25
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    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)
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Home » Business » 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.
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