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David Johnson
on Nov 18, 2024

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A client has a massage and asks the company bookkeeper to mail her the bill. The bookkeeper should make which entry to record the invoice?

A) No entry until the cash is received
B) Fees Earned, debit; Accounts Receivable, credit
C) Cash, debit; Fees Earned, credit
D) Accounts Receivable, debit; Fees Earned, credit

Accounts Receivable

Funds that are due to a company from its customers for goods or services delivered on credit.

Fees Earned

Revenue earned from providing services to clients or customers, typically recorded in the accounting period when the services are rendered.

Invoice

A document issued by a seller to a buyer that details a transaction and requests payment for goods or services provided.

  • Apprehend the mechanism of writing and recording transactions in bookkeeping records.
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CA
Cecil AryertteyNov 19, 2024
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