Question
Extreme Sports sold 3,690 monthly subscriptions at $42 each for services provided during February. $27,564 was collected in cash and the rest was sold on
Extreme Sports sold 3,690 monthly subscriptions at $42 each for services provided during February. $27,564 was collected in cash and the rest was sold on account.
What is the credit to Service revenue?
154,980
What would be the correct journal entry?
Accounts Recievable 154980
Service Rev 15480
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
