On December 1, JumpStart Company provides $2,800 in services to clients.
a. Journalize this event as if the clients had paid cash at the time the services were rendered.
b1. Journalize this event as if the clients had placed this on account.
b2. Assume that the clients paid $1,200 of the amount on account on December 30. Journalize this transaction.

Question

On December 1, JumpStart Company provides $2,800 in services to clients.
a. Journalize this event as if the clients had paid cash at the time the services were rendered. 
b1. Journalize this event as if the clients had placed this on account.
b2. Assume that the clients paid $1,200 of the amount on account on December 30. Journalize this transaction.

Quizplus · Accepted Answer

The Answer of On December 1, JumpStart Company provides $2,800 in services to clients.
a. Journalize this event as if the clients had paid cash at the time the services were rendered. 
b1. Journalize this event as if the clients had placed this on account.
b2. Assume that the clients paid $1,200 of the amount on account on December 30. Journalize this transaction.

On December 1, JumpStart Company Provides $2,800 in Services to Clients