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"You Decide" Essay
You Are the Accounting Manager for a Small

Question 171

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"You Decide" Essay
You are the accounting manager for a small machine shop.Your bookkeeper has asked you to review a journal entry that she made:
 Date  Account and Explanation  Debit  Credit  May 5  Cash 2,5002,500 ServiceRevenue  For services to be vendered) \begin{array} { | l | l | l | l | } \hline \text { Date } & \text { Account and Explanation } & \text { Debit } & \text { Credit } \\\hline \text { May 5 } & \text { Cash } & 2,500 & 2,500 \\\hline & \text { ServiceRevenue } \\& \text { For services to be vendered) } & & \\\hline\end{array} Is this journal entry correct? Why or why not?

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