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June 1 Purchased two new maintenance carts on account at $750 each. Payment is due in 30 days June 8 Accepted $500 of advance payments
June 1 | Purchased two new maintenance carts on account at $750 each. Payment is due in 30 days |
June 8 | Accepted $500 of advance payments from customers for services to be provided next month |
June 15 | Received the utility bill for $300. Payment is due in 30 days |
June 20 | Billed customers $1,500 services provided. Payment is due in 30 days. |
June 30 | Received $500 from customers who were billed earlier |
Refer to Hesson Properties. What journal entry is required to record the collections on account from customers?
a. | Accounts Payable 500 Cash 500 | |
b. | Service Revenue 500 Cash 500 | |
c. | Cash 500 Accounts Receivable 500 | |
d. | Accounts Receivable 500 Service Revenue 500 |
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