Journal entry of commicsion receivable

Anonymous

∙ 17y ago

Updated: 8/16/2019

Post to Commissions Earned, an income account and Commissions Receivable, a current asset account.

Wiki User

∙ 17y ago

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What is the journal entry for interest receivable?

[Debit] Interest Receivable [Credit] Interest Income

What is the general ledger journal entry to write off notes receivable?

debit bad debtscredit notes receivable

How do you enter rent received and rent receivable in accounts?

Journal Entry for Rent Received:[Debit] Rent Received[Credit] Cash/bankJournal entry for rent receivable[Debit] Accounts Receivable[Credit] Rent Receivable

What is the journal entry to interest receivable?

debit interest receivablecredit interest income

How do you record a journal entry for cash receipts?

[debit] cashcredit accounts receivable

What is the journal entry to record receit of cash?

debit cashcredit accounts receivable

What is the journal entry for a payment on an account?

Debit cash / bankCredit accounts receivable

What is the journal entry of cash received?

debit cash receivedcredit accounts receivable

What is the general ledger journal entry to write off accounts receivable?

Under the allowance method, entry would be: Allowance for Doubtful Accounts (DR) Account Receivable (CR)

How do you explain accounts receivable in a journal entry?

Debit accounts receivableCredit sales revenue

What is the journal entry for a sales return?

[debit] sales returnscredit cash / accounts receivable

What is the journal entry for sales?

Debit accounts receivable / bank / cashCredit sales revenue

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