Ask Experts Questions for FREE Help !
Ask
    michelleharvey's Avatar
    michelleharvey Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 31, 2008, 07:11 PM
    Year End Journals for Cash Receipts
    We received cash receipts for December 31, 2008. The deposit will not be made until January 2, 2009. Will I need to do a jounral entry for these receipts to show them on the books for 2008? Of so, what accounts do I use for the journal entry?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Jan 1, 2009, 10:23 AM

    The accounts are Sales Revenues and Cash
    de_de_gc's Avatar
    de_de_gc Posts: 66, Reputation: 4
    Junior Member
    		  
    #3

    Jan 2, 2009, 05:31 PM

    Agreed.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How can I get the Purchase, Cash receipts, and the sh Dispersements Journals balanced [ 1 Answers ]

Student Name: Class: Problem 07C COLO COMPANY Sales Journal AR Debit COGS Inv. Trans. Sales Debit Date Account Debited No. No. Credit Inv. Credit May 2 Hensel Company 8785 83 6,100 4,100

Cash Budget/Cash Receipts [ 1 Answers ]

1) Rushmore Kitchen Supply has forecast credit sales for the fourth quarter of the year as: March(actual) $75,000 Fourth Quarter - projected April $80,000 May $70,000 June $75,000 Experience has shown that 30 percent of sales are collected in the month of sale, 60 percent in the following...

Cash receipts journal [ 2 Answers ]

OK.. i.m using a cash reciepts journal.. and the transaction is... "recieved cash on account from wayne miller for chairs purchased may 25on s147 for $157.50, less discount (2%)." OK.. i.m so confused.. where does everything go?? Please help..

Cash journals [ 4 Answers ]

Which of the following journals is used when cash is refunded to a customer upon return of goods sold for cash? A. Cash receipts journal B. cash payments journal C. sales returns and allowances journal D. purchases returns and allowances journal :eek: :confused: :eek: I think its sales...

View more questions Search