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Selected journal entries for Carla Vista Enterprises are presented as follows. Selected journal entries for Carla Vista Enterprises are presented as follows. Date May 5
Selected journal entries for Carla Vista Enterprises are presented as follows.
Selected journal entries for Carla Vista Enterprises are presented as follows. Date May 5 12 15 Account Titles and Explanation Accounts Receivable Service Revenue (Billed for services performed) Cash Accounts Receivable (Received cash in payment of account) Cash Service Revenue (Received cash for services performed) Ref. Debit 5,540 2,370 3,330 Credit 5,540 2,370 3,330 Post the transactions using the standard form of account. (Post entries in the order presented in the problem.) Date May 12 May IS Date May S May 12 Date May S May IS Explanation Explanation Explanation Ref. Ref. Ref. Debit 2370 Accounts Receivable Debit 5540 Service Revenue Debit Credit Credit 2370 Credit 3330 Balance Balance Balance 8870
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