CASH RECEIPTS JOURNAL Page 10. Accounts Sales Receivable, Discounts Sales, or Other Date Account Invoice No. Ref. Cash DR DR Accounts CR 2019 Feb. 1 Cash Sales 465 465 Payment from Evert Feb. 15 Bank loan (230) Feb. 5 1723 980 20 1,000 2,000 2,000 500 Feb. 21 Payment from Shriver Co. 1719 500

CASH RECEIPTS JOURNAL Page 10. Accounts Sales Receivable, Discounts Sales, or Other Date Account Invoice No. Ref. Cash DR DR Accounts CR 2019 Feb. 1 Cash Sales 465 465 Payment from Evert Feb. 15 Bank loan (230) Feb. 5 1723 980 20 1,000 2,000 2,000 500 Feb. 21 Payment from Shriver Co. 1719 500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Total Cash (Dr.) =

Total Sales Discounts (Dr.) =

Total Sales (Cr.) =

Total Accounts Receivable (Cr.) =

Total Notes Payable (Cr.)=

CASH RECEIPTS JOURNAL
Page 10.
Accounts
Sales
Receivable,
Discounts Sales, or Other
Date
Account
Invoice No.
Ref.
Cash DR
DR
Accounts CR
2019
Feb. 1
Cash Sales
465
465
Payment from Evert
Feb. 15 Bank loan (230)
Feb. 5
1723
980
20
1,000
2,000
2,000
500
Feb. 21 Payment from Shriver Co.
1719
500

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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