of ASSE 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Rent 15 Land 16 Eq

Question

of ASSE 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Rent 15 Land 16 Equipment 17 Automobiles 41 Fees Eamed Prepare a jounal entry on August 13 for cash received for services rendered, S9,000 Refer to the Chart of Accounts for exact wording of account titles. 42 Sales Commission EXPEN SES 51 Advertising Expense 52 Automobile Expense 53 Insurance Expense 54 Rent Expense 55 Wages Expense 58 Supplies Expense 57 Ubilities Expense 58 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Notes Payable 24 Salaries Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends

Explanation / Answer

Journal Entry for cash received for services rendered :

Cash A/c Dr. XXX

To Fee Earned XXX

(Being Cash received for services rendered )

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