credit
[Debit] Allowance for debtors account [Credit] Accounts receivable account
Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit
commission receivable is credited
A Credit entry reduces Accounts Receivable
credit
[Debit] Allowance for debtors account [Credit] Accounts receivable account
debit
Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit
commission receivable is credited
A Credit entry reduces Accounts Receivable
credit
a decrease in a receivable is a decrease in an asset therefore its a credit.
No while using allowance method, bad debts are charged to allowance for bad debts account rather charging the accounts receivable because accounts receivable was already charged with allowance when it was created.
Debit
Cash/Bank/Accounts Receivable [Debit] Sales[Credit]
Journal Entry for Rent Received:[Debit] Rent Received[Credit] Cash/bankJournal entry for rent receivable[Debit] Accounts Receivable[Credit] Rent Receivable
[Debit] Revenue receivable [Credit] Accrued revenue