Question

dexter, inc., collects cash from customers in advance and from other customers after the sale. read the requirement. a. journalize dexter earning service revenue of $22,000 on account and then collecting $9,000 on account. (record debits first, then credits. exclude explanations from any journal entries.) start by recording dexter earning $22,000 of service revenue on account. date accounts debit credit 2024

Explanation:

Step1: Record service revenue on account

Debit Accounts Receivable $22,000; Credit Service Revenue $22,000.

Step2: Record collection on account

Debit Cash $9,000; Credit Accounts Receivable $9,000.

Answer:

Date	Accounts	Debit	Credit
2024	Service Revenue		$22,000
2024	Cash	$9,000
2024	Accounts Receivable		$9,000