In the journal, the revenue account shows a credit balance of $2,000. Enter a debit entry for $2,000 to close the account.

The cash receipt form should be used to deposit the funds into unearned revenue, liability accounts 150200–150299. Upon providing the goods/services, a journal entry should be completed to reduce ...

To calculate your company's total revenue for an accounting period, you must combine the income you received from all sources during the period. This may include sales revenue, interest income ...

2. Revenue Accrual Revenue earned in the prior fiscal year but recorded after the August close is subject to accrual in the prior fiscal year. Examples include goods or services provided to external ...

Since there is an obvious correlation between auxiliary enterprise, health services and other revenues and functions, it is logical to conclude that the remaining revenues fund the education and ...