Please answer requirment $3$Cost of goods sold

All other expenses

Net income

In accounting the order of accounts can be very important, for example, on an income statement revenues should appear before expenses. But there are instances wh

not matter, like in the expense section of an income statement where it doesn't matter the order of all the individual expense accounts. Always refer to the instructions $t$

the example below, for all journal entries debit accounts must always come before the credit accounts. The order of individual debit or credit accounts does not matter :

before all of the credit accounts.

Requirement $3.$ Journalize the earning of service revenue: $$60,000$ on account and $$45,000$ in cash. $($Record debits first, then credits. Explanations are not required.$)$