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Gi Gi's Dance Studio provided $280 of dance instruction and rented out its dance studio to the same client for another $165. The client paid immediately. Identify the general journal entry below that Gi Gi's will make to record the transaction.

Respuesta :

Answer:

General Journal entry for GI is given below

Explanation:

General journal entry for GI's for its dance studio and the dance instructions would be

Entry                           DEBIT        CREDIT

Cash                          $445

Renta income                                $165

Services provided                         $280

NOTE: As GI's is receiving cash for providing services and the studio, cash would be debited and Rental income and Services revenue would be credited.

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