Questions: April 9) The company completed a 12,500 project for a client, who must pay within 30 days. Note: Enter debits before credits.

To record the journal entry for the completion of a $12,500 project for a client who must pay within 30 days, you need to recognize the revenue earned and the accounts receivable. Here is how you can complete the journal entry:

1. Date: April 09
2. Account Titles:
   • Debit: Accounts Receivable
   • Credit: Service Revenue (or Sales Revenue, depending on the company's account titles)

The reason for this entry is that the company has earned revenue by completing the project, but the client has not yet paid. Therefore, the company has a receivable.

Here is the completed journal entry:

\begin{tabular}{|c|l|l|l|} \hline Date & Account Title & Debit & Credit \\ \hline April 09 & Accounts Receivable & \$12,500 & \\ \hline April 09 & Service Revenue & & \$12,500 \\ \hline \end{tabular}

• Accounts Receivable (Debit): This account is debited because it represents the amount the client owes to the company. By debiting Accounts Receivable, you are increasing this asset account.
• Service Revenue (Credit): This account is credited because the company has earned revenue by completing the project. By crediting Service Revenue, you are increasing this revenue account.

This entry ensures that the company's financial statements accurately reflect the revenue earned and the amount receivable from the client.