Question

bristle, inc., collects cash from customers in advance and from other customers after the sale. read the requirement. a. journalize bristle earning service revenue of $16,000 on account and then collecting $12,000 on account. (record debits first, then credits. exclude explanations from any journal entries.) start by recording bristle earning $16,000 of service revenue on account. date accounts debit credit 2024 accounts payable accounts receivable cash prepaid expenses retained earnings service revenue unearned service revenue

Explanation:

Step1: Record service revenue on account

When service revenue is earned on account, accounts receivable increases (debit) and service revenue increases (credit).

Date	Accounts	Debit	Credit
	Service Revenue		16000

Step2: Record collection on account

When cash is collected on account, cash increases (debit) and accounts receivable decreases (credit).

Date	Accounts	Debit	Credit
	Accounts Receivable		12000

Answer:

Date	Accounts	Debit	Credit
	Service Revenue		16000
2024	Cash	12000
	Accounts Receivable		12000