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.
At the end of the month, the total for the accounts receivable column in the sales journal reflects the total amount of credit sales made during that period. This amount represents the revenue earned but not yet collected in cash. The total for the sales column indicates the overall sales made, including both cash and credit sales. Together, these totals help assess the company's sales performance and outstanding receivables.
717.03
$448.70
You would have a balance of $83.68
You would have a balance of $83.68
revenue
Not if you notify you local PVA that the car is totaled and not longer in service. You will pay taxes up to the day it was totaled.
What do I need to do if my vehicle was totaled and I had it recycled?
A vehicle is totaled if it cost too much to repair it. Usually, insurance companies determine whether or not a vehicle is totaled.
used of automobiles; completely demolished; "the insurance adjuster declared the automobile totaled"
This is total nonsense!My total is 52.
Not while still "totaled". Since everything is tracked by the VIN# you won't be able to insure a totaled vehicle until such time that it's made roadworthy and has a reconstructed title.
It depends on why it was totaled. If it's cosmetic damage that totaled the car (like a shallow sideswipe) of course. If it's structural, like frame damage, maybe. If it was in a flood, it's probably not a good idea to fix it since quirky electrical problems will haunt the car forever. If it is repaired it would still carry a totaled title but it can be qualified with the brand 'totaled/reconstructed' on the new title.
Home equity loan perhaps. No bank is going to finance a totaled car.
get a good job............you will (assuming you are at fault for this loss) be require to pay for the totaled vehicle.........
no
No.