Receiving a customer deposit before the service
Transaction
A catering company will cater a customer’s event next month. Today the customer pays a deposit of $1,200.00 in cash, as an advance on the price.
Assumptions: Catering services are not subject to sales tax here.
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
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