Asked by
Virginia Bliss
on Oct 16, 2024
Verified
When a company bills a customer for $700 for services performed,the journal entry to record this transaction will include a $700 debit to Services Revenue.
Services Revenue
Income earned by a company through the provision of services to customers.
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account.
- Identify the correct journal entries for various types of transactions, including those affecting revenues, expenses, and dividends.
Verified Answer
LS
Learning Objectives
- Identify the correct journal entries for various types of transactions, including those affecting revenues, expenses, and dividends.
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