contestada

On january 5, fairbanks corporation provides services to customers for $10,000 cash. provide the journal entry for this transaction.

Respuesta :

Accounts receivables debit $10,000 and Credit , Service revenue debit Credit $10,000.

A carrier is an " act or use for which a client, firm, or authorities is willing to pay." Examples include work achieved by way of barbers, docs, legal professionals, mechanics, banks, insurance groups, and so forth. Public services are people who society as a whole can pay for.

A service is something that the general public needs, inclusive of delivery, communications centers, hospitals, or strength materials, that's provided in a planned and organized manner by way of the government or an official frame.

Services are intangible financial activities that require private interaction between the customer and the carrier issuer at the time of transport of the offerings. offerings need not contain any type of manufacturing or sale of products and are particularly furnished so as to fulfill individuals' needs.

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