Billed customers for services provided during January. How do I record this transcation into a general ledger? Please include the account labels (ex: +A, -L (A=Asset, L=Liability)). Thanks! Solution General Journal: Account Recievables A/c Dr. xxx (+A) To Sales/Service Revenue xxx (+L) (being revenue recognised for service provided) Note: Service Revenue will increase Reserve & Surplus and therefore it will increase the shareholder\'s fund and which is the liabilty and hence liabilty is increase .