Question

a. journalize brisite earning service revenue of $16,000 on account and then collecting $12,000 on account. (record deb from any journal entries.) start by recording brisite 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 brisite collecting $12,000 cash for a portion of the revenue previously earned on account. date accounts debit credit 2024 cash 12,000 accounts receivable 12,000 b. journalize brisite receiving $6,500 in advance and then earning $1,000 as service revenue. start by recording brisites cash collections in advance of services being performed. date accounts debit credit 2024

Explanation:

Step1: Record cash collection in advance

When cash is received in advance of services being performed, we debit Cash and credit Unearned Service Revenue. The amount of cash received is $6,500.

Date	Accounts	Debit	Credit
	Unearned Service Revenue		6,500

Step2: Record revenue earned from advance - payment

When the service is performed and revenue is earned, we debit Unearned Service Revenue and credit Service Revenue. The amount of revenue earned is $1,000.

Date	Accounts	Debit	Credit
	Service Revenue		1,000

Answer:

Date	Accounts	Debit	Credit
	Unearned Service Revenue		6,500
2024	Unearned Service Revenue	1,000
	Service Revenue		1,000