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-   -   Journalize the transaction: collected 1623 cash from customers billed on July 12 (https://www.askmehelpdesk.com/showthread.php?t=731755)

  • Feb 1, 2013, 02:45 PM
    cpstewie
    Journalize the transaction: collected 1623 cash from customers billed on July 12
    Can anyone help journalize this for me
  • Feb 2, 2013, 09:29 AM
    pready
    This is very simple, as you you have to do is Debit Cash for the amount received because you are receiving cash and Credit Accounts Receivable for the same amount because customers are paying on their account.

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