Mcdever corporation bills a customer $5,100 at the end of the year for services provided. the adjusting entry mcdever should make to accrue the amount collectible is:

Debit Accounts receivable   $5,100

Credit Sales/Revenue           $5,100

Explanation:

The amount billed to a customer for a service rendered or good sold is known as the revenue.

When revenue is earned and cash is received, the accounts involved are sales/revenue account and the cash account otherwise, where revenue is earned but cash is yet to be collected, the accounts involved would be sales/revenue account and the accounts receivable.

Where Mcdever corporation bills a customer $5,100 at the end of the year for services provided. the adjusting entry mcdever should make to accrue the amount collectible is;

Debit Accounts receivable   $5,100

Credit Sales/Revenue           $5,100

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.