07-13-2010, 12:27 AM
Hey,
Im a student, having to take Financial Accounting as part of a Commerce progam. I had a question about Journal Entrys. My question is fairly simple I think...
I was given a scenario, where I own a company and I send an invoice to another company for $5,000 but the invoice nor question doesnt specify wheather the 5,000 is for work done, or equipment purchased, or for whatever...
Then the question asks, "Journalize this invoice"
Im at a loss to where I would even start...Usually I can do most journal entries, but this one I mean, where do you even begin, does anyone have any input, or advice?
Im a student, having to take Financial Accounting as part of a Commerce progam. I had a question about Journal Entrys. My question is fairly simple I think...
I was given a scenario, where I own a company and I send an invoice to another company for $5,000 but the invoice nor question doesnt specify wheather the 5,000 is for work done, or equipment purchased, or for whatever...
Then the question asks, "Journalize this invoice"
Im at a loss to where I would even start...Usually I can do most journal entries, but this one I mean, where do you even begin, does anyone have any input, or advice?
