X Co Books
No. 1 & 3 - As "saver" mentioned memo only.
2) As "westlife" mentioned Dr. Cash/Cash in Bank - 20,000 Cr. Unearned income --- 20,000
4) Dr. Receivable (Y Co) - 10,000 Cr. Cash/Cash in Bank - 10,000
5) Dr. Cost/Exps A/C ----- 25,000 Cr. Receivable (Y Co) - 10,000 Cr. Payable (Y co) ---- 15,000
6) Dr. Receivable -------- 30,000 Dr. Unearned Income --- 20,000 Cr. Income/Revenue ---- 50,000
X Co Books
No. 1 & 3 - As "saver" mentioned memo only.
2) As "westlife" mentioned
Dr. Cash/Cash in Bank - 20,000
Cr. Unearned income --- 20,000
4) Dr. Receivable (Y Co) - 10,000
Cr. Cash/Cash in Bank - 10,000
5) Dr. Cost/Exps A/C ----- 25,000
Cr. Receivable (Y Co) - 10,000
Cr. Payable (Y co) ---- 15,000
6) Dr. Receivable -------- 30,000
Dr. Unearned Income --- 20,000
Cr. Income/Revenue ---- 50,000