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  1. business
  2. accounting
  3. a. journalize selenna earning service revenue of $

a. Journalize Selenna earning service revenue of $21,000 on account and then collecting $8,000 on...

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Accounting

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a. Journalize Selenna earning service revenue of $21,000 on account and then collecting $8,000 on account. (Record debits first, then credits. Exclude explanations from any journal en Start by recording Selenna earning $21,000 of service revenue on account. Journl Entry Date Accounts Debit Credit 21000 Requirement 2018 Unearned Service Revenue Accounts Receivable 80000 Journalize the following transactions for Selenna: a. Accrued revenue. Some customers pay Selenna after Selenna has performed the service for the customer. During 2018, Selenna performed services for $21,000 on account and later received cash of $8,000 on account from these customers Unearned revenue. A few customers pay Selenna in advance, and Selenna later performs the service for the customer. During 2018, Selenna collected $5,000 cash in advance and later earned $3,500 of this amount. b. Print Done

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