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Dexter, Inc., collects cash from customers in advance and from other customers after the sale. Read the requirement - X redits. Exclude explanations a. Journalize

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Dexter, Inc., collects cash from customers in advance and from other customers after the sale. Read the requirement - X redits. Exclude explanations a. Journalize Dexter earnings from any journal entries.) Start by recording Dexter eam Requirement Date . 2021 Journalize the following transactions for Dexter: a. Accrued revenue. Some customers pay Dexter after Dexter has performed the service for the customer. During 2021, Dexter performed services for $22.000 on account and later received cash of $9,000 on account from these customers b. Unearned revenue. A few customers pay Dexter in advance, and Dexter later performs the service for the customer. During 2021, Dexter collected $4,500 cash in advance and later earned $3,000 of this amount Next, record the entry to show Print Done Date Ac 2021 b. Journalize Dexter receiving $4,500 in advance and then earning $3,000 as service revenue. Start by recording Dexter's cash collections in advance of services being performed Journal Entry Date Accounts Debit Credit 2021 Finally, record the entry to show Dexter earning $3,000 of the service revenue that was collected in advance. Journal Entry Date Accounts Debit Credit 2021 Dexter, Inc., collects cash from customers in advance and from other customers after the sale. Read the requirement a. Joumalize Dexter earning service revenue of $22,000 on account and then collecting $9,000 on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by recording Dexter earning $22,000 of service revenue on account Journl Entry Date Accounts Debit Credit 2021 Next, record the entry to show Dexter collecting $9,000 cash for a portion of the revenue previously earned on account. Journal Entry Date Debit Credit Accounts 2021 b. Journalize Dexter receiving $4,500 in advance and then earning $3,000 as service revenue Start by recording Dexter's cash collections in advance of services being performed. Journal Entry Accounts Debit Credit Date 2021 Finally, record the entry to show Dexter earning $3,000 of the service revenue that was collected in advance. Journal Entry Accounts Debit Credit 2021 Date

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