T Account Examples Step by Step Guide to T-Accounts with Examples
One account will get a debit entry, while the second will get a credit entry to record each transaction that occurs. In the journal entry, Accounts Receivable has a debit of $5,500. This is posted to the Accounts Receivable T-account on the debit side. This is posted to the Service Revenue T-account on the credit …
T Account Examples Step by Step Guide to T-Accounts with Examples Read More »