Examine the following transactions and identify those that create revenues for Jade Services, a company owned by Mia Jade. Prepare general journal entries to record those revenue transactions and explain why the other transactions did not create revenues.

a. Mia Jade invests $38,250 cash in the company.

b. The company provided $1,350 of services on credit.

c. The company provided services to a client and immediately received $1,575 cash.

d. The company received $9,150 cash from a client in payment for services to be provided next year.

e. The company received $4,500 cash from a client in partial payment of an account receivable.

f. The company borrowed $150,000 cash from the bank by signing a promissory note.

Found something interesting ?

• On-time delivery guarantee
• PhD-level professional writers
• Free Plagiarism Report

• 100% money-back guarantee
• Absolute Privacy & Confidentiality
• High Quality custom-written papers

Related Model Questions

Feel free to peruse our college and university model questions. If any our our assignment tasks interests you, click to place your order. Every paper is written by our professional essay writers from scratch to avoid plagiarism. We guarantee highest quality of work besides delivering your paper on time.

Grab your Discount!

25% Coupon Code: SAVE25
get 25% !!