Accounting Question. Please Help Final Project!?
Accounting Question. Please Help Final Project!?
Heres the question, I'm trying to Journalize it in the General Journal.
Adjustments:
Motha's Day Care has provided services to the social agency for a total of 15 days during the month of April. On each of those 15 days 3 of the social agency's children were serviced. The social agency has not sent the payment yet. (April 30th)
Agreed to provide service for an social service agency at a daily rate of 25$/child w/ payment due on the 30th of each month.
OK I know that I will be Debiting 1,125 and Crediting 1,125 but I don't know in which account please help!
Answers:
hessc213: Accounts Payable (since payment has not been made) and Accounts Receivable (since payment has not yet been received)
2006-12-20 12:33:28
2006-12-20 12:33:28