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debit accounts receivable
debit sales tax
credit sales revenue
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∙ 9y ago
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What is the journal entry for credit sales?
Accounts-receivable@ Sales(sales being in your Results and accounts-receivable in your balance sheet)
What Journal entry for sales return?
Debit sales returnCredit accounts receivable / cash / bank
What is the correct journal entry for accrued receivable?
debit accounts receivablecredit sales revenue
What is the journal entry for sales returns and allowances?
Debit: Sales Returns & Allowances Credit: Accounts Receivable :)
How is accounts receivable effected by credit sales?
Any sales on account (aka credit sales) will increase accounts receivable by the same amount. The journal entry for this would be: Account Receivable (debit) Sales (revenue) (credit)
What is the journal entry for credit sales?
Accounts-receivable@ Sales(sales being in your Results and accounts-receivable in your balance sheet)
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
What is the journal entry for accounts receivable?
debit accounts receivablecredit sales
What Journal entry for sales return?
Debit sales returnCredit accounts receivable / cash / bank
What is the correct journal entry for accrued receivable?
debit accounts receivablecredit sales revenue
What is the correct journal entry for electronic deposits from sales that are not on the books as accounts receivable?
debit bankcredit sales
What is the journal entry for sales returns and allowances?
Debit: Sales Returns & Allowances Credit: Accounts Receivable :)
How is accounts receivable effected by credit sales?
Any sales on account (aka credit sales) will increase accounts receivable by the same amount. The journal entry for this would be: Account Receivable (debit) Sales (revenue) (credit)
What is the Journal entry for a customer returning merchandise delivered in poor condition?
[Debit] Sales returns [Credit] Accounts receivable
What journal entry is needed to debit for food sales?
Debit accounts receivable / cashCredit food sales revenue
