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A+ Realtor assists client Barbara Avon in selling her home - the sale is completed on September 15. On September 17, the billing specialist at
A+ Realtor assists client Barbara Avon in selling her home - the sale is completed on September 15. On September 17, the billing specialist at A+ records the transaction, prepares the bill and mails it to Barbara. On September 29, the payment is collected. The necessary journal entry on September 29 to record the collection would include a debit to 000 Realty Services Revenue. Accounts Receivable. Unearned Realty Services Revenue. Cash.
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