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Prepare a journal entry on August 13 for cash received for services rendered, S9,000. Refer to the Chart of Accounts for exact wording of account
Prepare a journal entry on August 13 for cash received for services rendered, S9,000. Refer to the Chart of Accounts for exact wording of account titles CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Sales Commission 13 Supplies 14 Prepaid Rent EXPENSES 15 Land 16 Equipment 51 Advertising Expense 52 Automobile Expense 53 Insurance Expense 17 Automobiles 54 Rent Expense LIABILITIES 55 Wages Expense 21 Accounts Payable 56 Supplies Expense 22 Unearned Rent 57 Utilities Expense 23 Notes Payable 58 Miscellaneous Expense 24 Salaries Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends
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