Question

On November 10, JumpStart Co. provides $2,040 in services to clients. At the time of service,...

  1. On November 10, JumpStart Co. provides $2,040 in services to clients. At the time of service, the clients paid $620 in cash and put the balance on account.

    a. Journalize this event. If an amount box does not require an entry, leave it blank.

    Nov. 10

    b. On November 20, JumpStart Co. clients paid an additional $340 on their accounts due. Journalize this event. If an amount box does not require an entry, leave it blank.

    Nov. 20

    c. Calculate the accounts receivable balance on November 30.
    $

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Answer #1
a) Date Account Title Debit Credit
10-Nov Cash $             620
Account Receivable $         1,420
service revenue $         2,040
( to record service revenue)
b) Date Account Title Debit Credit
Nov .20 Cash $             340
Account Receivable $             340
(to record cash received from customer)
C) Account receivable balance = $1420 -340
=$1080
NOTE: ASK YOUR QUERIES.PLEASE DO UPVOTE
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