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Week 2: Quiz

A company provides services to customers for $2,900 cash. Record the transaction.

Note: Enter debits before credits. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.

Sagot :

GinnyAnsweridn

Final answer:

To record the transaction, debit cash for [tex]$2,900 and credit services revenue for $[/tex]2,900.


Explanation:

To record the transaction where a company provides services to customers for [tex]$2,900 cash:

  1. Debit Cash: $[/tex]2,900
  2. Credit Services Revenue: $2,900

By debiting cash and crediting services revenue, the company acknowledges the receipt of cash for services rendered.


Learn more about Accounting here:

https://brainly.com/question/33068790


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