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Rivers Consulting performed service for a client who could not pay immediately. Rivers expected to...

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Accounting

Rivers Consulting performed service for a client who could not pay immediately. Rivers expected to collect the $3,900 the following month. A
month later, Rivers received $2,100 cash from the client.
Record the two transactions on the books of Rivers Consulting. Include an explanation for each transaction.
Post to these T-accounts: Cash, Accounts Receivable, and Service Revenue. Compute each account balance and denote it as Bal.
Record the two transactions on the books of Rivers Consulting. Include an explanation for each transaction.
Record the service performed on account for $3,900.(Record debits first, then credits. Select the explanation on the last line of the journal
entry table.)
Journal Entry
Accounts and Explanations
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