Question

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.

Answer 1

General Journal entry for GI is given below

Step-by-step 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.