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BrysonBryson, Inc., collects cash from customers in advance and from other customers after the sale. Read the requirement LOADING... . Question content area bottom Part
BrysonBryson, Inc., collects cash from customers in advance and from other customers after the sale. Read the requirement LOADING... . Question content area bottom Part 1 a. Journalize BrysonBryson earning service revenue of $ 19 comma 000$19,000 on account and then collecting $ 8 comma 000$8,000 on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by recording BrysonBryson earning $ 19 comma 000$19,000 of service revenue on account. Journl Entry Date Accounts Debit Credit 2021 Journalize the following transactions for BrysonBryson: a. Accrued revenue. Some customers pay BrysonBryson after BrysonBryson has performed the service for the customer. During 20212021, BrysonBryson performed services for $ 19 comma 000$19,000 on account and later received cash of $ 8 comma 000$8,000 on account from these customers. b. Unearned revenue. A few customers pay BrysonBryson in advance, and BrysonBryson later performs the service for the customer. During 20212021, BrysonBryson collected $ 5 comma 000$5,000 cash in advance and later earned $ 500$500 of this amount
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