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Question
a. journalize brislie earning service revenue of $16,000 on account and then collecting $12,000 on account. (record debits first, then credits. ex from any journal entries.) start by recording brislie earning $16,000 of service revenue on account. date accounts debit credit 2024 accounts receivable 16,000 service revenue 16,000 next, record the entry to show brislie collecting $12,000 cash for a portion of the revenue previously earned on account. date accounts debit credit 2024
Step1: Record cash collection entry
When collecting cash from accounts receivable, cash increases (debit) and accounts receivable decreases (credit).
| Date | Accounts | Debit | Credit |
|---|---|---|---|
| Accounts Receivable | 12,000 |
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| Date | Accounts | Debit | Credit |
|---|---|---|---|
| Accounts Receivable | 12,000 |