Dexter, Ine, collects cash from customers in advance and from other customers after the sale....
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Accounting
Dexter, Ine, collects cash from customers in advance and from other customers after the sale. Read the reguirement. a. Journalize Dexter earning service revenue of $22,000 on account and then collecting $9,000 on account. (Record debits first, then crodits. Exclude explanations from any journai entries) Start by recording Dexter eaming $22,000 of service revenue on account. ollects cash from customers in advance and from other customers after the sale. irement. Requirement Journalize the following transactions for Dexter: a. Accrued revenue. Some customers pay Dexter after Dexter has performed the service for the customer. During 2021, Dexter performed services for $22,000 on account and later received cash of $9,000 on account from these customers. b. Unearned revenue. A few customers pay Dexter in advance, and Dexter later performs the service for the customer. During 2021, Dexter collected $4,500 cash in advance and later earned $3,000 of this amount
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