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stock, service revenue, advertising expense, and salaries expense. note: if no entry is required for a transaction or event, select
o journal entry required\ in the first account field. view transaction list journal entry worksheet < 1 2 3 4 5 6 7 > provide construction services for $16,800 on account. note: enter debits before credits. date general journal debit credit march 22 record entry clear view general journal
Step1: Identify accounts affected
When providing services on - account, accounts receivable (an asset) increases and service revenue (a revenue account) increases.
Step2: Determine debit and credit
Assets increase with debits and revenues increase with credits. So, we debit accounts receivable and credit service revenue.
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| Date | General Journal | Debit | Credit |
|---|---|---|---|
| March 22 | Service Revenue | $16,800$ |