Amazing Sales Consultants completed the following transactio

Amazing Sales Consultants completed the following transactions during the latter part of January (Click the icon to view the transactions.) Journalize the transactions of Amazing Sales Consultants. Include an explanation with each journal enty Jan: 22: Performed services for customers on account, $7,000. Debit Credit Date Accounts and Explanation Jan. 22

Solution

Please give your feedback!! Happy Learning :)

Date	Particular	L.F	Debit($)	Credit($)
22 Jan	Account Receivable		7000
	To provision of services			7000
	( Being Services provided on account)
22 Jan	Cash A/c Dr		11000
	To Accounts Receivable			11000
31 jan	Utilities A/c Dr.		180
	To bills payable			180
	(Being bill due to be paid in Feb)
31 jan	Salary A/c Dr		1600
	To Cash			1600
	( Being salary paid to salesman)
Jan 31	Bank A/c Dr		2025
	To Advance received for services			2025
	(Being advance received)
Jan 31	Dividend paid A/c Dr		600
	To Cash			600
	(Being dividend paid to shareholders)