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When the sales journal's column for accounts receivable and sales is totaled at the end of the month its total is debited where?
At the end of the month, the total of the accounts receivable column from the sales journal is debited to the Accounts Receivable account in the general ledger. Simultaneously, the total of the sales column is credited to the Sales Revenue account. This process ensures that the accounting records reflect the sales made on credit and the corresponding increase in receivables.
How do you explain accounts receivable in a journal entry?
Debit accounts receivableCredit sales revenue
What is the journal entry for credit sales?
Accounts-receivable@ Sales(sales being in your Results and accounts-receivable in your balance sheet)
What is the journal entry for 42000 dollars in uncollectable debt with an accounts receivable of 960750?
debit bad debts 42000credit accounts receivable 42000
What is the general ledger journal entry to reverse the write off of accounts receivable?
Accounts Receivable - DR Bad Debts written off - CR
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 journal entry for cash receivable from debtors?
Dr Cash at Bank $5000Cr Accounts receivable - MK Kapital $5000(To record payment from debtor/accounts receivable - MK Kapital)
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 journal entries for collected 425 from customer on accounts?
Debit cash / bank 425Credit accounts receivable 425
