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    rivertusk33's Avatar
    rivertusk33 Posts: 1, Reputation: 1
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    #1

    Sep 9, 2008, 07:25 PM
    Accounting Journal Entry
    What is the journal entry for received a check no. 656 from Satin Shoes Inc. customer number 1584, for $2545. The invoice number is 2221, and a sales discount of $50 was taken.
    plonak's Avatar
    plonak Posts: 742, Reputation: 117
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    #2

    Sep 10, 2008, 11:35 AM
    <dr>Cash 2495
    <dr> Discount 50
    <cr> Revenue 2545
    bethann31000's Avatar
    bethann31000 Posts: 6, Reputation: 1
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    #3

    Sep 10, 2008, 01:01 PM
    Quote Originally Posted by rivertusk33
    What is the journal entry for received a check no. 656 from Satin Shoes Inc., customer number 1584, for $2545. The invoice number is 2221, and a sales discount of $50 was taken.
    DR cash or bank 2495
    CR income or sales 2545
    DR discount 50
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