On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays...

 

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On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May 13. Required: For Juanita Construction, record the service on account on May 7 and the collection of cash on May 13. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the cash received on account. Note: Enter debits before credits. Date May 13 General Journal Debit Credit Record entry Clear entry View general journal On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May 13. Required: For Juanita Construction, record the service on account on May 7 and the collection of cash on May 13. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the cash received on account. Note: Enter debits before credits. Date May 13 General Journal Debit Credit Record entry Clear entry View general journal

Answer rating: 100% (QA)

Date General Journal Debit Credit May 13 Accounts Receivable 4000 Cash 4000 Explanation On May ... View the full answer