JournaldrillServices billed on account
A journal entry exercise from Journaldrill. Solve it with an account picker and debit and credit fields in your browser, and it is checked the moment you submit.
The task
Clearview Window Washing cleans the windows of a downtown office building and sends the owner an invoice for $1,320, payable in 30 days.
What this exercise teaches
Revenue is recognized when the service is performed, not when cash is collected. The customer now owes the business, so Accounts Receivable is debited and Service Revenue is credited for $1,320.
A hint if you get stuck
The work is done but no cash has arrived, so record the customer's promise to pay along with the revenue.
Try it now, no account needed
This exercise is free. Open it on the practice page, solve it, and get instant feedback with a hint and a worked solution after two tries.
Open this exercise