Question

Sadie gave you check number 6877 for $75 from Sundown Dog Rescue. Sadie had agreed to...

Sadie gave you check number 6877 for $75 from Sundown Dog Rescue. Sadie had agreed to give dogs an outdoor bath for $15; for each bath, the Rescue kept $10 and gave Sadie $5. The account should be Pooch Services. How Sadie should record this in QuickBooks. Thanks.

Homework Answers

Answer #1
Particulars Debit Credit
Sadie gave check for $75 from Sundown Dog Rescue
Accounts Payable 75
      Sundown Dog Rescue 75
Sadie had agreed to give dogs an outdoor bath for $15; for each bath, the Rescue kept $10 and gave Sadie $5
Accounts Receivable 15
          Accounts Payable (Rescue Team) 10
          Revenue 5
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