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Selected journal entries for Monty Corp. are presented as follows. J1 Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 5,340
Selected journal entries for Monty Corp. are presented as follows. J1 Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 5,340 Service Revenue 5,340 (Billed for services performed) 12 Cash Accounts Receivable 2,220 2,220 (Received cash in payment of account) 15 Cash Service Revenue (Received cash for services performed) 3,480 3,480
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