A business earns $4,000 from various charge account clients. To record this transaction, the business would?

A business performed $8,000 of services. Their customer paid $3,000 of the amount right away butcharged the remaining amount. To record this transaction, the business?

What is the Posting Reference column of a journal is used to do?

A firm purchased telephone equipment for cash. By mistake, the accountant debited Utilities Expense instead of Office Equipment. The error was discovered after the data posted. The correcting entry should contain:

Kelly Corporation reported Net Income for the year ended December 31, 2019, of $16,900 then discovered that an entry for revenue earned on December 30, 2019, in the amount of $1,400 had not been journalized and posted. What is the Net Income after the correcting journal entry is journalized and posted?