Billed customers $2,600 for sevices performed ?

accounting question!





is it cash, supplies, account payable , dividends, service revenue, account receivable, common stock, equipment





what is it?|||If you've only BILLED (not collect) customers $2,600 for services performed, your entry:


Dr Accounts receivable 2,600


Cr Services revenue 2,600





Later, when these customers pay up, you'd:


Dr Cash 2,600


Cr Accounts receivable 2,600|||you present quite a list which indicates you're just being lazy.


first how about you reduce the list to only 2 or 3 reasonable possibilities.|||OK , that was way too easy . . .


Are you thinking about BF or something ?





It is there in plain sight !





Put down common stock %26amp; equipment . . .





%26gt;|||thats your accounts receivables what you billed and its not cash until you collect it and put it in the bank. What you owe is your accounts payable. Dividends is intrest earned from stocks you own. Equipment is the equipment you own or are paying for. it sounds like you need to take a class in business. You only have common stock if your a corp and are traded.