Solve for Accounting Revenue and Sales, Receivables

Dear Professor Cram,  I need your advise. Business sells items. 25% customers pay next month. For Oct. cash collected was $21000 and $6500(accounts receivable) from Sept. Total-27500. What is revenue in this case? Thank you, Luiza ___________________ If you are Continue reading

Adjusting Entries in Accounting

Adjusting Entries are journal entries that are made at the end of the accounting period to adjust expenses and revenues to the accounting period where they actually occurred. Learn from examples of each type in this tutorial. Continue reading