march 22 provide construction services for $16,800 on account. march 27 receive $11,800 cash on account from…

march 22 provide construction services for $16,800 on account. march 27 receive $11,800 cash on account from march 22 services. march 28 pay salaries for the current month of $14,800. required: record each transaction. addison uses the following accounts: cash, accounts receivable, equipment, notes payable, common stock, service revenue, advertising expense, and salaries expense. note: if no entry is required for a transaction or event, select “no journal entry required” in the first account field. view transaction list journal entry worksheet < 1 2 3 4 5 6 7 receive $11,800 cash on account from march 22 services. note: enter debits before credits. date general journal debit credit march 27

march 22 provide construction services for $16,800 on account. march 27 receive $11,800 cash on account from march 22 services. march 28 pay salaries for the current month of $14,800. required: record each transaction. addison uses the following accounts: cash, accounts receivable, equipment, notes payable, common stock, service revenue, advertising expense, and salaries expense. note: if no entry is required for a transaction or event, select “no journal entry required” in the first account field. view transaction list journal entry worksheet < 1 2 3 4 5 6 7 receive $11,800 cash on account from march 22 services. note: enter debits before credits. date general journal debit credit march 27

Answer

Explanation:

Step1: Analyze the transaction

On March 27, cash is received on account. Cash increases (debit) and accounts receivable decreases (credit).

Step2: Record the journal - entry

Debit Cash for the amount received and credit Accounts Receivable for the same amount.

Date General Journal Debit Credit
March 27 Cash 11800
Accounts Receivable 11800

Answer:

Date General Journal Debit Credit
March 27 Cash 11800
Accounts Receivable 11800