1. Receiva check from Pinpoint Marketing to pay balance due on their acct.
Their balance is $1605.

I am not sure how to record and post these as you please tell me if I am on the right track.
Accont Receivable Ledger
1605 Cr
Cash Receipts Journal
1605 Cr
General Journal
Accounts receivable-Pinpoint Marketing 1605 Dr
Sales 1605 Cr
Am I any where close to a being right on this. Please help.

You only have one journal entry here. You are receiving payment on an account, so your journal entry will be:
Debit Cash for 1605
Credit Accounts Receivable for 1605

Your other journal entry is incorrect because your Sales have already been recorded when the Accounts Receivable Account was increased.

Quote:

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Originally Posted by pready

You only have one journal entry here. You are receiving payment on an account, so your journal entry will be:
Debit Cash for 1605
Credit Accounts Receivable for 1605

Your other journal entry is incorrect because your Sales have already been recorded when the Accounts Receivable Account was increased.

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Thank you, I was thinking I had to also post to the General Ledger. I am a beginner at this I hope I can catch on soon. It is not as easy as I thought.

My post was for a general ledger posting. If you are using special journals your debit would be to the Cash Receipts journal and your credit would be to Accounts Receivable.