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In Bookkeeping always remember this Cash is always a Debit to the bank so the sale has to be a credit
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Journal entry for returned goods by customer?
[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return
What is the journal entry for sold goods for cash?
Debit cash / bankCredit sales revenue
When using Journal Entries for Refund Debit AR credit Sales What is the account that the check would offset?
When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns
Is sales a credit or debit?
Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.
Journal entry ofr credit sales?
[Debit] Accounts receivable[Credit] Sales revenue
Journal entry for returned goods by customer?
[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return
How do you jourmalize sales on account?
[Debit] accounts receivable [Credit] Sales revenue
How do you sales entry?
Debit Accounts receivable / cash Credit Sales revenue
What is the journal entry for sold goods for cash?
Debit cash / bankCredit sales revenue
What is the equation once unearned revenue has been earned?
[Debit] Unearned revenue [Credit] Sales revenue
How do you enter sales entry?
Debit Accounts receivable / cash Credit Sales revenue
What is the journal entry for credit sales with a discount?
Debit accounts receivableCredit sales revenue
Is sales a debit balance?
Sales is a revenue account and like all revenue accounts sales also has credit balance as normal balance and cash or accounts receivable are debit against it.
When using Journal Entries for Refund Debit AR credit Sales What is the account that the check would offset?
When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns
Is sales a credit or debit?
Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.
What will be the entry of the sales of goods?
[Debit] Cash / bank / accounts receivable [Credit] sales revenue
Journal entry ofr credit sales?
[Debit] Accounts receivable[Credit] Sales revenue
