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completed legal work for S. Soriano P15, 000 on account?

what is the debit and credit


Sagot :

Completed legal work for S. Soriano P15, 000 on account?

Debit - Accounts Receivable, P15, 000

     Credit - Service Income, P15, 000

When completing legal work, it means that there is a service rendered. The word account, it isn't paid in cash yet, and needs to be collected.