A business maintains side accounts for each of its customers. On April 7, the business provides $2,500 of service to Anne Hill on its account. The business sells a stock of goods for $4,000 (sales price) to Ron Wilson in exchange for the account. The full amount was charged to each customer on April 26.

Prepare  entries for April 7 and April 26. Ignore Cost of Goods Sold and skip explanations.

Answer rating: 100% (QA)

April 7 Dr Accounts Receivable Anne Hill ... View the full answer