Accruing revenue earned but not yet invoiced
Transaction
A maintenance company performed services worth $3,400.00 for a customer in December. The customer will be billed in January. Record the adjusting entry on December 31.
Assumptions: The company’s fiscal year ends on December 31. No sales tax applies.
Accounts
Tap an account, then choose Debit or Credit and type the amount. × removes a line.
Debit
No lines yet. Choose an account above.
Credit
No lines yet. Choose an account above.
Debits $0.00Credits $0.00
Loading the checker…