Homework Help: Journalizing Accounting

Posted by Debby on Saturday, August 23, 2008 at 7:22pm.

How do I journalize this on my manual form?

Sold DJ service on account to JJ's Dance Club, $500.00. S2.

Homework

Journalizing Accounting - Big Kahuna, Wednesday, August 27, 2008 at 12:00am
You should:

*debit your accounts receivable for $500
*credit the appropriate revenue account for $500 (revenue accounts lie in the stockholder's equity portion of the balance sheet and makes up the net income)

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